by DhallaCPA | Sep 24, 2023 | Tax Tips
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the median price of existing homes sold in July of 2023 rose 1.9% over July of 2022 after a couple years of much higher...
by DhallaCPA | Sep 18, 2023 | Tax Tips
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE)...
by DhallaCPA | Aug 28, 2023 | Tax Tips
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking about taxes. But there may be tax consequences. Let’s take a look at five possible tax breaks. 1. Long-term medical care...
by DhallaCPA | Aug 22, 2023 | Tax Tips
If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the trouble? Yes! Here are the rules of the road. The deal with IRAs Eligible taxpayers can make extra catch-up contributions of up...
by DhallaCPA | Aug 14, 2023 | Tax Tips
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. A scam may come in through email, text messages, telephone calls or regular mail. Criminals regularly target both individuals and businesses and...
