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TaxWealth - Articles

Tax Planning

5 Ways to Gift Yourself Tax Savings This Holiday Season

The Illinois CPA Society offers five money moves to make before the end of the year to create some tax-time…

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Tax Planning

Feel Good and Cut Taxes By Using These Five Charitable…

These tips can help you spread the love even more to charities you trust while also taking advantage of different…

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Tax Planning

Tax Considerations for High-Net-Worth Individuals in 2023

Those who are not ready for this potentially seismic shift should speak to their advisors as soon as possible in…

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Tax Planning

IRS Offering Taxpayers Special Tax Credit in 2024

Individuals making less than $36,500 annually can save up to $1,000 in taxes if they contribute toward their retirement.

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Tax Planning

IRS Delays Imposing $600 Threshold for Reporting Income From Apps

The IRS has relented to pressure and decided to delay imposing the new $600 reporting threshold for income from 3rd…

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Tax Planning

IRS Announces Interest Rates for Underpayment of Taxes for Q1…

Discover the interest rates announced by the IRS for the first quarter of 2024, including rates for overpayments and underpayments…

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Tax Planning

IRS Increases Gift and Estate Tax Exempt Limits — Here’s…

Discover the increased gift and estate tax exempt limits set by the IRS, allowing Americans to give more without incurring…

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Tax Planning

The Russia-Ukraine War Will Affect Your Finances. Here’s How.

Discover the wide-reaching consequences of the Russia-Ukraine conflict on your finances, including higher gas and grain prices, increased crypto volatility,…

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Tax Planning

Physicians and Dentists: A Guide to Navigating the Tax Maze

This guide aims to illuminate the top tax issues faced by medical professionals and offer insights to traverse this taxing…

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Tax Planning

How to Maximize Depreciation in a 1031 Exchange

Depreciation is a powerful tool in the arsenal of real estate investors, however, when utilizing a 1031 exchange, the depreciation…

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