Understanding the Home Gain Exclusion

Understanding the Home Gain Exclusion

One of the biggest tax benefits available today is the exclusion of gains when you sell your qualified home. Here is what you need to know. The tax benefit explained For those who qualify, a married couple can exclude up to $500,000 ($250,000 for unmarried taxpayers)...
Get Your Money: Ensure You Receive a Stimulus Payment

Get Your Money: Ensure You Receive a Stimulus Payment

The IRS recently announced the launch of web sites for non-tax filers to register to receive their economic impact payment and a new Get My Payment tool. Here is what you need to know. Background As a response to the coronavirus pandemic, the government is sending...
Beware: COVID-19 Tax Scams are Here

Beware: COVID-19 Tax Scams are Here

The IRS is warning you to be on the lookout for a surge of calls and e-mail phishing attempts related to the coronavirus pandemic and the one-time economic impact payment. It can come in many forms The IRS says that scammers may do the following when trying to contact...
Review IRA Beneficiaries Now

Review IRA Beneficiaries Now

Lost in the media storm during the coronavirus pandemic is a law change enacted in late 2019 that eliminates an IRA withdrawal technique known as the stretch IRA. Here is what you need to know. Time to review beneficiaries While the chances of you having a severe...