Thinking about donating to your favorite charities? The recently passed tax legislation, known as the One Big Beautiful Bill Act (OBBBA), provides an added incentive—you...
Maryann Reyes, CPA, PFS
Articles by this author
Tax Planning for 2025
The 2024 tax filing season is over, and now is the time to think about 2025 tax planning—there are two months left to give the...
What Is a Wash Sale?
Some investors looking to claim portfolio losses on their taxes may be unaware of the wash sale rule. To find out what a wash sale...
How Much Is Capital Gains Tax? What You Should Know
If you sell an asset at a profit, you’ve generated a capital gain. Does that mean you will owe the IRS capital gains taxes on...
What Are the Different Tax Brackets for 2026?
Federal income tax rates haven’t changed dramatically for the better part of a decade—they’ve ranged from 10% up to 37% since 2018. But while rates...
What Medical Expenses Are Not Tax-Deductible?
Are medical bills tax-deductible? Is dental work tax-deductible? The answer to both questions is yes…sometimes. Before you take any medical expense deduction, there are some...
Lessons From US Tax Court
Taxpayer alert: After clawing back more than $1 billion in back taxes last year, a more assertive IRS has pledged to raise tax-return audit rates...
Is My Annual Bonus Taxed?
Hoorah! You received a year-end bonus from your employer. But the bonus check you receive likely is less than you were promised—22% less. The reason...
Year-End Tax Planning for 2023
Even though the deadline for filing 2023 income tax forms is months away, the time to consider certain tax-related matters is now—before the year ends....
Time to Prepare
Certain tax code changes taking effect now could impact the financial decisions you make throughout the rest of this year. Bottom Line Personal asked tax...
Lessons From US Tax Court
Taxpayers beware! Much of the $80 billion in new funding for the Internal Revenue Service will be used to scrutinize your tax return. Result: Hundreds...
Countdown to Tax Time
Tax-filing season may be months away, but certain tax matters are best considered before the calendar year ends. The IRS’s much publicized hiring of tens...
