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If your employer rewarded your hard work with a year-end bonus, you are typically required to pay taxes on this.

Feeling generous this year? Here are the basic rules for charitable contributions and gifts to loved ones.

For retirement savers who want to help make sure their money lasts as long as they do, this very basic planning method is an oldie but a goodie.

Business owners, you may not have a crystal ball, but you can forecast cash flow. Here are four tips to consider.

A special federal income tax break is available if you rent your vacation home for less than 15 days during the year. Here are the rules.

Many small businesses are still feeling the pressure of the pandemic. If yours needs a loan, check out the SBA’s newly enhanced COVID-related EIDL program.

To stay competitive, many businesses need cash to fulfill their strategic objectives. Put yourself in a lender’s mindset before you take out a loan.

If you’re selling your principal residence, some or all of the profit may be tax free. It depends on your home sale profit and your income. Here are the basic rules.

When it comes to maximizing your Social Security benefits, there are many elements to consider. One factor that can be especially enlightening is your Social Security break-even age. Here's how to calculate it, and how it could help you time when you take your Social Security benefits.

Now is a good time to reflect on what the COVID-19 pandemic has done to your finances (and surprise, there may be some good news here) and to your priorities themselves. After giving it some thought, here’s what you should do going forward.

Because of the current estate tax exemption amount ($11.7 million in 2021), many estates no longer need to be concerned with federal estate tax. Now that many estates won’t be subject to estate tax, you can devote more energy to other aspects of estate planning.

Electric vehicles (EVs) are increasing in popularity all the time — and more of them are qualifying for a federal tax credit. In fact, the IRS added several more eligible models over the summer.

The Internal Revenue Service has launched a new feature allowing any family receiving monthly Child Tax Credit payments to quickly and easily update their information.

Paid leave credit is available for providing leave to employees caring for individuals obtaining or recovering from a COVID-19 immunization.

Like most business owners, you’ve probably heard about 100% bonus depreciation. It’s available for a wide range of qualifying asset purchases. But there are many important details to keep straight. Here are five key points about this powerful tax-saving tool:

During the pandemic, more than a few families have hired household workers while schools in many areas have gone virtual and some day care centers have had limited availability. If you’ve done so, be sure you know the nuances of the “nanny tax.”

Student loan interest is deductible for some borrowers subject to certain limits. Find out if you qualify.

An IRS audit seems scary but may be nothing to worry about. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help come out of an audit with a favorable result.

Sales calls sure aren’t what they used to be. Here’s how businesses can stay on track with the ongoing trend toward digital interactions in the sales process.

Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.