Month: November 2024

Are you thinking of getting married or divorced? If so, consider December 31, 2024, in your tax planning. Here’s another planning question: Do you give money to family or friends (other than your children, who are subject to the kiddie tax)? If so, you need to consider the zero-tax planning strategy. And now, consider your … Read more

Here are six powerful business tax deduction strategies you can easily understand and implement before the end of 2024. 1. Prepay Expenses Using the IRS Safe Harbor You just have to thank the IRS for its tax-deduction safe harbors. IRS regulations contain a safe-harbor rule that allows cash-basis taxpayers to prepay and deduct qualifying expenses … Read more