- Video Tips: Taxpayers Can Expect a Smaller Refund This Tax Season
- Because most of the COVID pandemic-related tax benefits have come to an end, your tax refunds may be smaller this year and substantially smaller for many.
- How Employee Stock Options Are Taxed
- Many companies, as an incentive to employees to help grow the companies’ market value, will offer stock options to key employees. The options give the employee the right to buy up to a specified number of shares of the company’s stock at a future date at a specific price. Generally, options are not immediately vested and must be held for a period of time before they can be exercised. Then, at some later date, and assuming the stock price has appreciated to a value higher than the option price of the stock, the employee can excise the options (buy the shares), paying the lower option price for the stock rather than the current market price. This gives the employee the opportunity to participate in the growth of the company through gains from the sale of the stock without the risk of ownership.
- Home Energy Improvement Credit Is Enhanced
- This credit goes all the way back to 2006, providing a tax credit for making energy-saving improvements to a taxpayer’s home. This tax benefit was supposed to expire after 2021 but a law change has given the credit renewed life and substantially enhanced it beginning with 2023.
- How to Receive Payments in QuickBooks Online
- It’s more enjoyable than paying your bills. Here are three ways to process incoming money from customers.
- Video Tips: An Opportunity to Rollover Sec 529 Plan to a Roth IRA
- The SECURE 2.0 Act provides families and students with the option to roll over their leftover funds in a 529 account into a Roth IRA.
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