My husband received an inheritance from a deceased aunt. Is this something we need to claim on our 2022 federal income taxes? Additionally, would we need to pay state tax on this inheritance, and how does gifting money to our children work in terms of taxation?

July 20th, 2023

When filing taxes and taking a standard deduction, can you still deduct IRA contributions, HSA contributions, and claim a tax credit for an EV purchase?

October 7th, 2024

Good Day. My mom has about $120,000 in the bank, which needs to be divided among her 6 children. The money is under my name. Do I have to pay taxes on this inheritance?

April 15th, 2024

I never received the first and second stimulus checks when I filled out the form at the same time they came out. How can I claim my missing stimulus payments?

February 4th, 2024

I need to set up a solo 401k for my LLC, which is owned by 4 family members (wife, son, daughter, and me), but my wife and I are the only staff. We have been self-employed for a while. I know I have to set it up and fund it this year. Can you supply all the rules?

November 9th, 2024