If you itemize your tax returns, consider sending your January 2006 mortgage payment now. If you submit this payment by Dec. 31, you can deduct the interest this year.

The 2024 tax year has ended and tax professionals everywhere are encouraging their small business clients to close their books and start thinking about their tax returns. In a perfect world these ...

In a couple of months, tipped employees will be able to deduct a portion or all of their tips from federal income taxes. Here's how it works ...

Though the calendar year has ended, you can still find a few strategies to influence your previous year’s tax return. These post-year-end tax tips can help you maximize your deductions and ...

For tax shelter and wealth building, you can contribute up to $69,000 into a Solo 401 (k) or SEP IRA in 2025. If you have a spouse on payroll, that can be doubled—turning a business into a ...

The 'One Big Beautiful Bill Act' (OBBB) introduces new tax challenges for high-income earners, notably the 'SALT torpedo.' Understanding and managing your Modified Adjusted Gross Income (MAGI) is ...

Common issues include missed write-offs and unaddressed income changes. Adjust your tax withholding or plan for quarterly estimated payments to avoid a big year-end tax bill in 2026.

Workers will be able to deduct no more than $25,000 made in tips since January 1, 2025. When does no tips on tax end? The tax exemption on tips ends Dec., 31 2028.

Not only that, but the Coal State might implement no tax on tips, too, if signed into law: HB 1586, a House Republican bill, would provide a tax credit for state taxes on overtime pay.

As a result of their strong performance, the Mag 7 accounted for roughly 35% of the entire S&P 500 at year-end. Among the other 493 stocks in the S&P 500, many underperformed or even experienced ...