(Tax Year 2024 – Filed in 2025) Overview Retirement contributions are a key part of many W-2 employees’ compensation packages. These contributions whether to a 401(k), 403(b), 457(b), or...
Introduction Individual Retirement Accounts (IRAs) offer a great way to save for retirement while reducing your tax burden. The two main types—Roth IRA and Traditional IRA—offer different tax advantages,...
Introduction A 401(k) retirement plan is one of the most powerful ways to reduce taxable income and grow wealth for retirement. The IRS updates contribution limits each year, allowing...
Introduction Estate planning is more than just deciding who inherits your assets—it’s about minimizing taxes, preserving wealth, and ensuring a smooth transfer to your heirs. With the right strategies,...
Introduction Artists and creative professionals, including freelance designers, musicians, photographers, writers, filmmakers, and visual artists, often have irregular income, high self-employment taxes, and numerous business expenses. Whether you earn...
Introduction Consultants and coaches—whether in business, fitness, life coaching, or professional development—often operate as self-employed professionals. This means they are responsible for self-employment taxes, business expenses, and estimated tax...
Introduction Running a restaurant or food business comes with high operating costs, fluctuating revenues, and complex tax rules. Fortunately, the IRS offers several deductions and credits that can help...
Introduction Musicians, performers, and entertainers often have irregular income, travel expenses, and self-employment taxes, making tax planning essential. Whether you’re a freelance musician, touring artist, actor, comedian, or producer,...
Introduction Real estate investing can be highly profitable, but tax liabilities can significantly impact returns if not properly managed. Fortunately, the IRS offers several tax strategies that allow investors...
Introduction Tech startups face high initial costs, rapid scaling challenges, and complex tax requirements, but the IRS offers several tax breaks that can help entrepreneurs save money. By taking...