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Individuals who have a life insurance policy probably want to ensure that the benefits their families will receive after their deaths aren’t included in their estates. That way, the benefits won’t be subject to the federal estate tax. This article discusses the ins and outs of life insurance plans and estate taxes

For the most part, property you inherit isn’t included in your income for tax purposes. However, certain items may have to be included in your income, although you may also be entitled to a deduction on account of them.

A vacation home is more than just a place to relax. It also may provide tax breaks. Here are the rules if you rent it out for part of the year.

Is your business paying too much for insurance? It’s entirely possible. Here are five cost-cutting tips to consider.

April 18 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year.

To help ensure financial security in retirement, saving now on a tax-favored basis is a smart move. And if you qualify, you still have time to contribute to an IRA or SEP and save on your 2021 tax return.

If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2021 donations. But what happens if you haven’t received such a letter? Can you still claim a deduction for the gift on your 2021 income tax return? It depends.

Many families with young children will get a bigger tax credit for last year’s childcare expenses.

How much can you contribute to a 401(k) plan for 2022? How much is the standard deduction? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some answers to these and other tax-related questions for 2022.

The year ahead poses both challenges and opportunities for every business’s sales staff. Evaluate each team member’s strengths and weaknesses now to improve your odds of a successful 2022.

If you have a flexible spending account, you may want to schedule a trip to the dentist, buy new eyeglasses or have elective medical procedures performed. Here’s why.

Business owners, you can sharpen your marketing efforts through the effective use of competitive intelligence.

The Internal Revenue Service announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions

Hourly Minimum Wage Will Increase to $15 Effective Jan. 1

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.