When we're looking at taxes, one of the things we have to remember is how much is the standard deduction. If you're married $25,900, single $12,950. Why is…
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Tax law enables eligible people who achieve a better life experience accountability put more money into their ABLE account. So here's what you have. It's a tax savings…
ListenWe talk a lot about taxes. And one of the things I want to remind you, again, is that there are two types of credit and deduction and…
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Radio Show
March 11, 2023
Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday answers callers' tax questions and covers the following topics: The Importance…
#Qualified Charitable Distributions#IRS Notice Resolution#Claiming Dependents#Home Sale Exclusion
ListenAt this point, you've received all of your tax documents, most likely, unless you have some investment accounts. Some of those are dribbling still in. But most of…
ListenCharitable deductions. First, the simple answer is if you paid cash for $300 as a single person is paid cash for $600 for a married couple, we have…
ListenBusiness owners, remember, we still have what's called a section 179 deduction of property that has been placed in service in that year. That is important. That means…
ListenIf you're thinking about itemizing, do remember that we do have a $10,000 cap on what we refer to as the salt tax, which is state and income…
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Radio Show
February 18, 2023
Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday answers callers' tax questions and covers the following topics: The Importance…
#Qualified Charitable Distributions#Business Recordkeeping#Retirement Tax Planning#IRS Debt Resolution
ListenFor all of you that have purchased an EV car, you might want to go. We've been doing some returns, and we're finding out that some of these…
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Radio Show
February 11, 2023
Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday answers callers' tax questions and covers various topics, including: Does a…
#Charitable Contribution Deductions#W-4 Withholding#Qualified Charitable Distributions#Capital Gains Taxes
ListenAnd even though you don't hear a lot of tax law changes, they're constantly adding requirements enhancing credit and deduction. Back on the 29th of 2022, they came…
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