by admin | Feb 27, 2024 | TaxBiz
📝 Tax benefits are generally broken into two major categories: tax deductions and tax credits. As you examine programs that could potentially apply to you, it’s a good idea to know the differences in how tax savings can work. In short, a credit gives you a...
by admin | Feb 20, 2024 | TaxBiz
The 2024 tax season, covering the 2023 tax year brings its own set of deadlines and requirements for taxpayers. This detailed guide will explore key dates for tax returns, extensions, and IRS interactions, providing valuable insights for both individual and business...
by admin | Feb 13, 2024 | TaxBiz
📝 The Internal Revenue Service (IRS) recently bumped the income thresholds for its tax brackets by 5.4% for 2024, its latest adjustment to account for elevated rates of inflation. The move is unlikely to produce a material change on most Americans’ tax burdens,...
by admin | Feb 6, 2024 | TaxBiz
Although taxes shouldn’t necessarily drive your investment decisions, thoughtfully evaluating the asset classes you choose and the accounts you hold them in could help you lower your tax bill. While tax rules and rates may change over time, the value of keeping...
by admin | Jan 30, 2024 | TaxBiz
Health Savings Account (HSA) work together with an HSA-eligible health plan. If you’re enrolled in this type of health plan, you can make pre-tax contributions to an HSA, allowing you to pay for qualified medical expenses tax-free. This can help create a cash...
by admin | Jan 23, 2024 | TaxBiz
📌 Mortgage rate races toward 8% after hitting a high not seen since late 2000. The average rate on the popular 30-year fixed mortgage rose to 7.72%, according to Mortgage News Daily. Mortgage rates follow loosely the yield on the 10-year Treasury, which has been...
