by admin | Nov 29, 2023 | TaxBiz
❌ You know what’s a frustrating experience? Getting to season of taxes and then finding out you owe a hefty tax bill. ✅ You know what’s a much better one? Knowing how much you owe months in advance so you can prepare to pay that tax bill. 💯 And...
by admin | Nov 23, 2023 | TaxBiz
🔎 No one wants to lose money on their rental properties, as they are famously cash-flowing and can be a great source of passive income. But if you currently have a vacant property or a very low rent, it may not be the end of the world if you have a Modified Adjusted...
by admin | Nov 14, 2023 | TaxBiz
💥 This week, the Internal Revenue Service (IRS) unveiled new inflation-adjusted income tax brackets and standard deduction amounts that will be in effect for the 2024 tax year. These numbers will be relevant to the tax return most Americans will file in early 2025....
by admin | Nov 7, 2023 | TaxBiz
The end of the year is a hectic time for many small business owners. Between personal tasks and seasonal demands at work, time as a small business owner is scarce, but there’s one important item you should keep in mind if you’re a small business owner or...
by admin | Oct 31, 2023 | TaxBiz
Key Points You can open a traditional or Roth IRA quickly and easily through many banks or brokerage firms, and to do so, you need to earn taxable income. If you fund your IRA with tax-deductible contributions, your taxable income will be reduced by that amount. There...
by admin | Oct 24, 2023 | TaxBiz
🔔 The Internal Revenue Service (IRS) recently released Notice 2023-65, which provides guidance on the new energy-efficient housing credit, as modified by the Inflation Reduction Act (IRA). The provision, as amended by the IRA, allows eligible contractors who construct...
