Taxes

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Latest Taxes News

HSA vs. FSA vs. HRA: Tax Benefits and Requirements

Health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) offer tax benefits. But each has its…

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Trump Tax Plan Auto Deduction

Under the One Big Beautiful Bill Act interest paid on certain car loans would become tax-deductible. If you purchased a…

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What Disqualifies You From the Earned Income Credit?

The earned income tax credit (EITC) offers support to low- and moderate-income workers, but certain conditions can make you ineligible.…

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Do You Have to Pay Taxes on Rebates? Rules and Examples

When you score that great mail-in offer or discount, you might wonder: Do you have to pay taxes on rebates?…

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Schedule E Tax Form: When and How to File

If you earn income from rental properties, royalties, partnerships, S corporations, estates or trusts, you’ll likely need to submit Schedule…

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Guide to Canada-U.S. Cross-Border Tax Planning

Cross-border tax planning between Canada and the U.S. will require you to manage income, assets and residency to avoid double…

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Getting To Know You Tuesday: Dorothy K. Butler

Most of us have a hidden talent that we trot out from time to time. Maybe you bake amazing cupcakes…

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Guide to U.K-U.S. Cross-Border Tax Planning

U.K.-U.S. tax planning involves understanding how income, residency and asset ownership are taxed under both British and American law. Dual…

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How to Calculate Your Taxable Income: Step-by-Step Guide

Knowing your taxable income helps you make smarter choices about deductions, retirement contributions and how much tax to withhold. It…

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Who’s Entitled to the Tax Refund of a Deceased Person?

If the deceased was due to receive a tax refund, determining who is entitled to the money is a key…

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