Back-to-school tax break for teachers

Back-to-school tax break for teachers

Teachers are setting up their classrooms for the new school year, and it’s common for them to pay for a portion of their classroom supplies out of pocket. A special tax break allows these educators to deduct some of their expenses. This educator expense deduction is...
Keep it simple with a SIMPLE IRA

Keep it simple with a SIMPLE IRA

If your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering a retirement plan can provide your business with valuable tax deductions and help you attract and retain employees. For a variety of reasons, a SIMPLE...
Play your tax cards right when gambling

Play your tax cards right when gambling

If you gamble, be sure you understand the tax consequences that come along with it. Gambling wins and losses can affect your income tax bill. And changes under the Tax Cuts and Jobs Act (TCJA) could also have an impact. Gambling wins and taxable income You must report...