Cut Taxes with Lifetime Giving

retired aged couple

If you want certain individuals to receive property from your estate, there may be advantages to making those gifts while you are still alive.

Income the IRS Can’t Touch

Uncle Sam and Piggy Bank

Wouldn’t it be nice to have a source of nontaxable income? Listed here are several income items that the IRS does not tax.

Proposed Tax Legislation

capitol building and money

The following is an overview of several recent tax proposals discussed or introduced in Congress over the past several weeks.

A Tax Nightmare on Your Horizon

scared lady

A recent tax law change by this edition of Congress now requires transaction reporting to the IRS for anyone receiving more than $600 in payments through digital payment tools like PayPal, Venmo, and CashApp.

Tax-Free Rental Income

man with money flying

There are a few income-producing events that the IRS has said are not taxable. One of them is renting out your home or vacation property.

2022 FICA Tax Rates

FICA tax rate

FICA tax is a combination of a Social Security tax and a Medicare tax. The Social Security tax is assessed on wages up to $147,000; the Medicare tax is assessed on all wages.