- Video Tips: Which Kind of Interest Is Tax Deductible?
- When it comes to deducting loan interest on your taxes, being prepared and knowing what to expect can help you get the most out of your tax deductions.
- Portability of Unused Estate Tax Exclusion
- When an individual dies, the value of that individual’s estate is subject to estate taxation, which is currently 40% of the individual’s taxable estate. However, there is a lifetime exclusion (exemption) to the estate tax, which for 2022 is $12.06 million. The lifetime exclusion can also be used to offset taxable gifts – those that exceed the annual gift tax exclusion.
- Will Your Planned Retirement Income Be Enough after Taxes?
- That is an important question because the actual money you have to spend when you retire depends upon the after-tax sources of your retirement income. Thus it is important to understand how the various retirement vehicles are taxed.
- Video Tips: Tax Breaks for People with Disabilities
- For people with disabilities and their families, taking advantage of these tax breaks can bring tremendous help. Watch this video to learn more.
- Tax Benefits for People with Disabilities
- Individuals with disabilities, as well as parents of disabled children, are eligible for several income tax benefits. This article explains some of these tax breaks.
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