by DhallaCPA | Nov 21, 2023 | Tax Tips
If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! After you celebrate, be aware that there are tax consequences attached to your good fortune. Winning at gambling For tax purposes, it doesn’t matter if you win at the casino, a bingo...
by DhallaCPA | Nov 14, 2023 | Tax Tips
With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, Health Savings Accounts (HSA) offer a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs....
by DhallaCPA | Oct 23, 2023 | Tax Tips
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end when the final results of your trades will reveal your 2023 tax situation. Here’s what you need to...
by DhallaCPA | Oct 16, 2023 | Tax Tips
The holidays are just around the corner and many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate, within generous limits,...
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)...
