by Candy | Jun 19, 2025 | Featured, Incredible Towns, Sales Tax, Taxes
With the April 15 tax filing deadline approaching, a new study from WalletHub sheds light on which states have the highest and lowest state and local tax rates, highlighting where residents give the most and least back to their state governments. “Every year...
by Candy | Jun 9, 2025 | Featured, Taxes
Operating a small business means wearing many hats. You are not just the owner but also the accountant, marketer, and everything in between. Managing finances and handling taxes on top of everything else can be overwhelming. If you are handling your own bookkeeping,...
by Candy | May 26, 2025 | Featured, Taxes
If you’ve been the victim of a scam, you’re not alone—and there may be some financial relief available at tax time. The IRS recently clarified how fraud victims can deduct certain losses on their taxes. While not every scam qualifies, some do, and understanding the...
by Candy | May 8, 2025 | Featured, Taxes
If you regularly donate non-cash items—like clothing, furniture, or kitchenware—to charitable organizations and intend to claim them on your income tax return, this article is a must-read. A recent tax court case offers valuable lessons on how to properly document...
by Candy | Mar 3, 2025 | Community, Featured, Taxes
A Health Savings Account (HSA) is a tax-advantaged savings account designed to help individuals save for medical expenses. HSA contributions are tax-deductible, and the funds can be used to pay for qualified medical expenses without incurring federal taxes. For 2025,...
by Candy | Feb 13, 2025 | Featured, News Letter, Taxes
Starting in January 2025, the IRS will allow you to contribute more to your Health Savings Account (HSA) as part of its annual inflation adjustments. For individuals with self-only coverage under a high-deductible health plan (HDHP), the contribution limit will rise...