by DhallaCPA | Mar 18, 2020 | Tax Tips
f you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. That might be why you...
by DhallaCPA | Mar 11, 2020 | Tax Tips
If you own a home, the interest you pay on your home mortgage may provide a tax break. Many people believe that any interest paid on their home mortgage loans and home equity loans is deductible. Unfortunately, that’s not true, but home might be where the tax breaks...
by DhallaCPA | Mar 4, 2020 | Tax Tips
If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities and education. Fortunately, there’s a tax credit available for taxpayers with children under the age of 17, as well as a dependent...
by DhallaCPA | Feb 23, 2020 | Tax Tips
Married couples often wonder whether they should file joint or separate tax returns. There are a number of reasons why married couples might want to file separate tax returns. The answer depends on your individual tax situation. It generally depends on which filing...
by DhallaCPA | Feb 13, 2020 | Tax Tips
Perhaps you’re an investor in mutual funds or you’re interested in putting some money into them. You’re not alone. The Investment Company Institute estimates that 56.2 million households owned mutual funds in mid-2017. But despite their popularity, the tax rules...
