If you’ve found yourself looking at real estate ads in a different state, it is important that you take a 360-degree view of what moving would mean for you. As attractive as it may seem to pack up your things and move to a state with a more appealing tax scheme, there are other things to think about. If you move, make sure you do so in a way that accomplishes your tax goals.

In 2021, taxpayers have an option to fund either a traditional IRA or Roth IRA, up to the maximum limit of $6,000.

On Friday, August 27, 2021, Illinois Governor J.B. Pritzker signed Public Act 102-0658 into law. The Act provides a significant tax break to owners of flow through entities (S corporations and partnerships).

With mortgage rates at an all-time low, people are exploring house flipping. Remember though there are tax consequences.

With higher capital gains tax rates potentially on the horizon, it’s important to know your options for deferring taxes on gains.

This year, it is important to start planning for tax due dates and the payroll deferral deadlines that are coming up at year end.

There are two basic types of employee stock options for tax purposes, a non-statutory option and a statutory option (also referred to as the incentive stock option), and their tax treatment is significantly different.

The American Rescue Plan, signed in March 2021, made changes regarding the Child Tax Credit for taxpayers in 2021, including fully refundable credits.