by Paula Kennedy, EA | Mar 9, 2023 | Blog, Tax, Uncategorized
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss deduction on your tax return. Here are the rules that apply when a stock you own is sold at a loss or...
by Paula Kennedy, EA | Feb 9, 2023 | Blog, Tax, Uncategorized
Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable because your 2022 individual tax return is due to be filed in 10 weeks (unless you file an extension). However, it’s a good time to...
by Paula Kennedy, EA | Feb 3, 2023 | Blog, Tax, Uncategorized
Claiming dependents can save you money on your taxes, but people are often unclear, especially when it concerns adult children. If you have adult children living at home and\or attending college – should you claim them as your dependent? Here are some of the...
by Paula Kennedy, EA | Jan 23, 2023 | Blog, Business, Tax
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was recently signed into law. Provisions in the law will kick in over...
by Paula Kennedy, EA | Jan 11, 2023 | Uncategorized
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law on December 29, 2022....
