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Many people might think about moving to another state. However, it’s important to consider the tax ramifications before doing so. This article urges readers to identify all applicable taxes in a destination state and recommends being prepared to meet the legal requirements for establishing domicile.

If you’re required to take distributions from a retirement plan, you may have received a respite in 2020, but you must begin taking them again this year.

One of the most effective ways to save is to stash money in a health savings account

Everyone’s personal financial plan doesn’t have to be complex, but it does generally need to cover two major facets: paying down debt and saving money.

Can you benefit from the massive new Consolidated Appropriation Act signed into law? Here are some of the tax highlights for individuals.

Right now, you may be more concerned about your 2020 tax bill than you are about how to handle your personal finances in the new year. However, as you deal with your annual tax filing, it’s a good idea to also familiarize yourself with pertinent amounts that may have changed for 2021.

Is your company’s sales staff too big, too small or just right? Answering this question is a matter of careful calculations and considerations.

Most of us are ready to turn the page on 2020. If you’re a business owner, after the confetti clears in 2021, make sure everyone at your company is thinking about ways to build the bottom line.

Medical and dental costs are expensive and it’s hard to get a tax deduction for them. But you may qualify by including every eligible expense allowed. Here’s what it takes to get a deduction and how you might be able to benefit by moving certain expenses into 2020.

The fourth 2020 estimated tax payment deadline for individuals is Friday, January 15, 2021

The IRS and the Treasury Department began issuing a second round of Economic Impact Payments

Few business owners look forward to creating an annual budget. Nonetheless, this is an important process that can be made better by attending to some key details.

It’s that time of year again: time to spend your unused dollars if you have an FSA

One way to help family members hit hard by job loss or increased debt is through an intrafamily loan or even by establishing a full-fledged family bank

Businesses have long been required to properly track payroll records. The urgency and complexity of this task has grown because of the pandemic.

State tax treatment of unemployment benefits will be a bigger deal than usual

When it comes to retirement planning, many people tend to focus on two things: opening a retirement savings account and then eventually drawing funds from it.

Planning to buy or sell mutual fund shares? Here are some tax hazards to avoid.

COVID-19 and ACA SCOTUS arguments may impact healthcare selections

Here are four tax issues to consider if you’re in the midst of getting a divorce