If you are an investor, you know that you may need to pay capital gains taxes when you sell an investment at a profit. At the same time, however, and especially in an unpredictable market, stock losses can loom large for your investment portfolio. When you sell an investment for less than you paid, you … Read more
Many taxpayers are aware that you can deduct business use of a personal vehicle on your taxes. Often overlooked, however, are other vehicle tax deductions. The largest of these deductions is usually the vehicle sales tax deduction, and it can make a big dent in your tax liability. Here’s what you need to know about … Read more
You already know you can get a tax deduction for your student loan and mortgage interest, but what about the interest you pay to your credit card company? As with most things tax-related, the answer isn’t exactly straightforward. In the case of credit card interest and fees, what you can and can’t deduct is based … Read more
Home mortgage interest is tax-deductible, but people often have misconceptions about who benefits from this deduction and how helpful it truly is. It’s important to remember that the tax rules recently changed due to the Tax Cuts and Jobs Act, as well. These changes altered the standard deduction, which in turn impacted the mortgage interest … Read more
Working for a startup can be an exciting prospect that gives you an opportunity to make a significant impact on a company’s culture as well as the products and services they bring to market. Compensation can get tricky, however, as cash-strapped new companies look for creative ways to compensate employees. Stock options and incentives can … Read more
