Video Tips: Tax Planning Before Saying “I Do”
Getting married this year? Before you say “I do,” make sure you understand how marriage can affect your taxes—from filing status and withholding to possible back liabilities, liens, or child support issues that may follow a joint return. A quick pre-wedding tax check can help you avoid surprises, protect your refund, and make sure your […]
Trump Accounts Scam Alerts: How to Protect Your Child’s Savings
Trump Accounts are a new type of tax-advantaged savings account designed for children under 18, with a government seed contribution available for certain children born between January 1, 2025, and December 31, 2028. Starting January 1, 2026, parents have been able to open these accounts for eligible children, though contributions aren’t permitted until July 4, […]
IRMAA: The Stealth Retirement Tax Many Affluent Retirees Miss
For many retirees, Medicare feels like a fixed part of retirement life: you sign up, pay your premiums, and move on. But for higher-income retirees, there is often a second layer of cost that catches people off guard. It is called IRMAA, the Income-Related Monthly Adjustment Amount, and although it shows up on a Medicare […]
King Charles Becomes First British Monarch to Publicly Share His Tax Bill
For centuries, the British monarchy has kept its personal finances largely out of public view. That changed this week when King Charles III became the first reigning British monarch to publicly disclose how much he paid in personal taxes. According to the latest annual Sovereign Grant Report, the King voluntarily paid approximately £12.9 million in income tax and capital […]
Weddings, Childcare, Children’s Summer Employment, and Travel: Navigating Summer’s Tax Minefield
Summer brings weddings, camps, teen paychecks, weekend trips and sometimes the chance to rent your home for a short-term event. Those warm-weather plans make memories — and they can also change the way you file your taxes. This guide explains, the most common summer activities that affect an individual tax return: getting married, summer childcare […]
From Side Hustles to Wealth: Gen Z’s Guide to Smarter Finances
If you’re part of Gen Z, there’s a good chance your money life doesn’t fit neatly into one paycheck. Maybe you’ve got a full-time job, a TikTok Shop side gig, a weekend photography hustle, and a few NIL opportunities on top of it. The income is real, the momentum is real, and the freedom can […]
Video Tips: What to Know about Short-Term Home Rentals
Summer is here, and with it come weddings, reunions, corporate retreats, weekend getaways — all prime opportunities to turn your home into a summer venue. In this video, we’ll explore the tax ramifications related to short-term and summer rentals.
You Got the Tax Deduction. But Do You Still Control the Money?
A new lawsuit is raising questions about one of the most popular charitable giving strategies in America: donor-advised funds. For years, donor-advised funds (DAFs) have been promoted as a flexible way to support charitable causes while maximizing tax benefits. Wealthy donors can contribute appreciated assets, claim an immediate charitable deduction, avoid capital gains taxes, and […]
Could Your Dog Qualify for a Tax Break? A New Proposal Says ‘Yes!’
Americans spend billions of dollars each year caring for their pets. Food, veterinary visits, medications, grooming, boarding, toys, insurance, and emergency medical care can quickly add up. In fact, some estimates put the lifetime cost of owning a dog at nearly $30,000 nationwide, with costs in some states climbing even higher. Now, New Jersey lawmakers […]
Florida Is Rethinking Property Taxes. Other States Are Watching Closely.
For years, Florida’s tax reputation has been relatively simple: No state income tax. Moderate property taxes. Heavy reliance on sales taxes and tourism. Now, that formula may be changing. In recent weeks, Florida lawmakers and Governor Ron DeSantis have advanced a series of tax proposals ranging from targeted tax breaks to one of the most […]