by angieduran | Nov 19, 2025 | Uncategorized
Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated stock instead of cash. You might be able to eliminate all federal tax liability on the appreciation — or at least...
by angieduran | Nov 14, 2025 | Uncategorized
The 2026 Social Security wage base has been released. What’s the tax impact on employees and the self-employed? Let’s take a look. FICA tax 101 The Federal Insurance Contributions Act (FICA) imposes two payroll taxes on wages and self-employment income — one for...
by angieduran | Nov 13, 2025 | Uncategorized
As we approach year-end, it is once again time to review tax planning strategies. Year-end planning involves strategically timing income and deductions to permanently reduce tax liabilities or defer them over future years. However, in today’s constantly evolving tax...
by angieduran | Nov 10, 2025 | Uncategorized
Health care costs continue to increase. Pairing a high-deductible health plan (HDHP) with a Health Savings Account (HSA) can help. Insurance premiums will be lower because of the high deductible. And the HSA provides a tax-advantaged way to fund the deductible and...
by angieduran | Nov 4, 2025 | Uncategorized
If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill Act (OBBBA) could significantly reduce your 2025 federal income tax liability. However, you need to be aware of income-based limits, and you may need to take steps...
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