Tax Saving Tips for Salaried Employees
Reading Time: 7 minutes Please note: these are general options you have for reducing your taxable income, and their appearance on this list does not necessarily mean it’s the
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Reading Time: 7 minutes Please note: these are general options you have for reducing your taxable income, and their appearance on this list does not necessarily mean it’s the
Reading Time: 4 minutes In this article, we outline what a 1099-k is, how selling through online marketplaces and exchanging money through payment platforms impacts your taxes, and common
Reading Time: 3 minutes It’s tax time, and we are already working through client tax returns. The IRS is currently issuing resources, new information, and guides to ensure tax
Reading Time: 2 minutes With the IRS now accepting tax returns, you’re probably wondering when you can expect your tax refund. We’ve put together a helpful chart to help
Reading Time: 3 minutes The IRS expects that over 128.7 million tax returns will be filed by this year’s deadline, but before we can do that, we need to
Reading Time: 3 minutes While you might think the first step in filing your taxes is to reach out to and hire a CPA, you can make the process
Reading Time: 4 minutes We’ve all been there—it’s the end of the year, and if the holidays weren’t stressful enough, you’re also realizing that you had an especially prosperous
Reading Time: 2 minutes This year, we’ve put together a round up to help you get started with tax planning for 2023. Below you will find our roundup of
Reading Time: 2 minutes In this portion of our 2023 Tax Planning series, we outline the details regarding Net Investment Income Tax and Alternative Minimum Tax. A Note from
Reading Time: < 1 minute In this portion of our 2023 Tax Planning series, we walk through two important notes for retirement planning and taxes. A Note from Us: At Akif
Reading Time: 2 minutes In this portion of our 2023 Tax Planning series, we outline a few key broad items impacting individual filers. Please speak with a CPA for
Reading Time: 3 minutes In this portion of our 2023 Tax Planning series, we walk through Estate Tax Exemptions (Federal and State), Gift Tax Exemptions, and Charitable Contribution Deduction
Reading Time: 3 minutes In this portion of our 2023 Tax Planning series, we walk through key Education Tax Benefits that come into play for 2023. A Note from
Reading Time: 3 minutes In this portion of our 2023 Tax Planning series, we outline some of the core issues impacting State and Local Taxes, namely the impact of
Reading Time: 3 minutes The IRS has begun issuing “Get Ready” alerts, to remind all US taxpayers that time is running out to make changes to 2023 income and
Reading Time: 3 minutes Tax rates (10%, 12%, 22%, 24%, 32%, 35%, and 37%) maintain the same percentage in 2024, but the income markers for each bracket have changed.
Reading Time: 3 minutes It’s important to keep a check on the deadlines because missing important deadlines can result in late filing penalties by the IRS. Related: 2024 vs
Reading Time: 4 minutes With the end of the year swiftly approaching, time is running out to optimize your tax strategy and ensure you retain as much of your
Reading Time: 3 minutes This month, the IRS has announced new initiatives to ensure large corporations pay the taxes they owe and do not erroneously claim tax breaks that
Reading Time: < 1 minute The federal tax filing extension deadline is upon us. If you requested an extension for filing your 2022 tax return, you have just a little
Reading Time: 5 minutes As with all matters financial, doing your taxes can be incredibly stressful. Between understanding tax codes and regulations to making sure you have the right
For assistance in planning and transferring your U.S. assets to Canada, please contact our colleague Phil Hogan, CPA, CA, CPA at (250) 661-9417 or phil@philhogan.com