The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make the best tax use of paper losses and actual losses from your stock market investments. Tax rates on sales
Taxpayers have been receiving CP136 notices from the IRS to update their 2023 deposit requirements for Form 941,
The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of the year. Here are the basic tax rules involved in these transactions. Donating to charity
Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself. You may wonder how the interest you earn is taxed.
The IRS recently released the 2023 cost of living adjustments for retirement plans and related items. You can view the updated numbers below or click the button at the bottom to view a printable version!
At SEK, we are dedicated to helping you maximize your income through a variety of tax-saving strategies. We are excited to share our 2022 Year-End Year-Round Tax Planning Guide, which includes:
Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next.
In its latest report, the National Association of Realtors (NAR) announced that July 2022 existing home sales were down but prices were up nationwide, compared with last year.
High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Here’s an overview of the taxes and what they may mean for you. 3.8% NIIT
If you’re a business owner working from home or an entrepreneur with a home-based side gig, you may qualify for valuable home office deductions.