Tax Tips & More
QBI Deduction: Maximize It Before It’s Gone
The QBI (Qualified Business Income) benefit expires after 2025, so there is a limited window of time to maximize this deduction.
HSA Secrets for Seniors: Contributions Beyond Age 65
Do you have a health savings account (HSA)? If so, you have one of the best tax-advantaged accounts. There is only one thing wrong with HSAs: you cannot make contributions after you enroll in Medicare. Or can you?
Beware of Tax Refund Offsets
If your tax return shows a refund, you probably expect the IRS will pay that total amount when it processes your tax return. Unfortunately, this is not always the case.
Got IRS Penalties? Know the Rules, Pay Nothing
The IRS often imposes steep penalties for filing tax returns late, failing to pay taxes on time, or not depositing employment taxes correctly. However, several strategies can help you get those penalties removed—and in some cases, even refunded if you have already paid them.
3 Possible Ways to Deduct Your Dog or Cat
Dogs, cats, and other household pets are expensive. Owners spend an average of $1,270 to $2,800 to own a dog. Can you ever deduct these costs from your taxes?
BOI Updates for Dissolved and Disregarded Entities
The clock continues to tick. Here are the upcoming deadlines for filing your Business Ownership Information (BOI) reports with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).
Best Practices When E-Filing Returns
Avoid future problems by following these best practices for e-filing.
Common Mistakes in Tax Preparation
Avoid errors that can occur when preparing tax returns by learning these common mistakes.
What Are Your Chances of Being Audited?
These red flags could increase your chances of the IRS selecting your return for audit.
July 2025 Tax Due Dates
July 10: Tips for June 2025 reported to employer
August 2025 Tax Due Dates
August 11: Tips for July 2025 reported to employer
September 2025 Tax Due Dates
September 10: Tips for August 2025 reported to employer
September 15: Estimated tax payment for third quarter of 2025