by Megan Kosciolek, EA, MST | Aug 5, 2026 | Uncategorized
A higher education is expensive, and many parents spend years saving up. Others haven’t had the financial bandwidth to save or have hit unexpected financial roadblocks along the way. Regardless of your situation, current tax breaks may be available to you (or to your...
by Megan Kosciolek, EA, MST | Jul 15, 2026 | Uncategorized
It’s easy to focus on the excitement of a big win. But federal tax law generally treats lottery prizes, gambling winnings and other awards as taxable income. Knowing the basic rules can help you avoid surprises when you file your 2026 return next year. Lottery Prizes...
by Megan Kosciolek, EA, MST | Jun 24, 2026 | Uncategorized
Do you operate a side gig in addition to your regular day job? Whether you’ve turned a love for crafting into an online store or you play the guitar at a local venue, you’ll need to report the income from your sideline activity on your tax return. But can you deduct...
by Megan Kosciolek, EA, MST | Jun 10, 2026 | Uncategorized
Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to full-time students through age 23 and 18-year-olds even if they aren’t full-time students. When it applies, most of the child’s...
by Megan Kosciolek, EA, MST | May 20, 2026 | Uncategorized
If you give artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Special substantiation and appraisal rules may apply as well. Relation to Charitable Function Your...
