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The tax aspects of selling mutual fund shares

  • March 3, 2020
  • Tax

Perhaps you’re an investor in mutual funds or you’re interested in putting some money into them. You’re not alone. The Investment Company Institute estimates that 56.2 million households owned mutual funds in mid-2017. But despite their popularity, the tax rules…

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Need a new business vehicle? Consider a heavy SUV

  • March 29, 2021
  • Tax

Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport utility vehicle (SUV), you may be able to benefit from lucrative tax rules for those vehicles. Bonus depreciation Under current…

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Breaking News

April 15 Tax Deadline Extended

  • March 18, 2021
  • Tax

The Treasury Department and Internal Revenue Service announced yesterday that the April 15 deadline to file 2020 federal income taxes for individuals has been automatically extended to May 17, 2021. As this extension is automatic, taxpayers will not need to…

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Electric Car Charging

Get a Tax Break on a New Electric Vehicle

  • March 8, 2021
  • Tax

Are you in the market for a new vehicle? If you jump on the electric vehicle bandwagon, you might be eligible for a sizable federal income tax credit. However, not every electric vehicle qualifies for the credit. And the tax break…

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