Plan now for tax changes coming at the end of 2025 Tip Category: Planning Unless Congress takes action, a number of temporary tax laws are going to expire at the end of 2025. This means you have this year and next to take advantage of the current rules. That doesn’t mean Congress won't extend the current …
Tag: tax-planning
Understanding the Home Gain Exclusion
When is a tax planning session essential? Tip Category: Deductions One of the biggest tax benefits available today is the exclusion of gains when you sell your qualified home. Here is what you need to know. The tax benefit explained For those who qualify, a married couple can exclude up to $500,000 ($250,000 for unmarried taxpayers) …
It’s Tax Time! Don’t Forget 1st Quarter Estimated Payments.
Now is the time to pay your taxes AND make your estimated tax payment. Tip Category: Miscellaneous Both your individual tax return AND first quarter estimated tax payment are due. Here is what you need to know. First quarter due date: Monday, April 15, 2024 The estimated tax payment rule You are required to withhold or …
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