IRS 2025 Tax Brackets: Spring Lake, Monmouth County Updates
As we move closer to the tax year 2025, I’m here to share some important updates from the IRS that you’ll want to keep on your radar. The IRS has just announced the annual inflation adjustments, including the tax rate schedules, tax tables, and cost-of-living adjustments for the upcoming year. Now, just to clarify, these […]
How Medicare Premium Increases Will Affect Retirees in 2025
As we approach 2025, many retirees are starting to worry about how upcoming changes to Medicare premiums might affect their financial situation. With healthcare costs continuing to rise and updates to the Medicare program on the horizon, it’s more important than ever for seniors to understand how these changes will impact their retirement budgets. In […]
10 Essential Tax Deductions for Spring Lake Small Businesses in 2025
As a small business owner, you wear many hats. You’re the visionary, the manager, and often the sole employee. You work hard, and every dollar counts. But when it comes to taxes, many owners miss out on valuable tax deductions that can save them significant money. In 2025, it’s crucial to be aware of what […]
Tax-Saving Strategy Treats: How Halloween and Thanksgiving Expenses Can Work in Your Favor
As the leaves turn and the days grow shorter, the festive seasons of Halloween and Thanksgiving approach, bringing with them not just celebrations, but also a timely reminder of your financial health. While you’re busy planning spooky parties and sumptuous turkey dinners, have you considered how these holidays can impact your tax savings? It’s easy […]
2025 IRS Audit Rates: What to Expect and How to Prepare
The IRS is ramping up its audits in 2025, and if you’re not prepared, you could be one of the unlucky ones caught in their crosshairs. With stricter guidelines and new red flags, the odds of being audited are rising, especially if you’re self-employed or fall into higher income brackets. The scariest part? Many taxpayers […]
Discover 100+ IRS-Approved Tax-Saving Strategies to Maximize Your 2025 Refund
Are you worried about overpaying on your taxes this year? With tax season approaching fast, it’s easy to feel overwhelmed by the sheer number of strategies out there. But don’t worry, I’ve got you covered. In this blog, we’re diving into 100+ IRS-approved tax-saving strategies designed to help you keep more of your hard-earned money. […]
Biden Proposes Doubling Capital Gains Tax: What This Means for Your Taxes
If you haven’t heard yet, President Biden’s latest $7.3 trillion budget for FY 2025 is making headlines with some major tax changes. The President is pushing for a nearly doubling of the capital gains tax rate, along with a new minimum tax on billionaires and a hike in Medicare taxes. While the White House is […]
Start Now or Regret Later: 5 Simple Steps to Boost Your Tax Refund for Next Year
Now that the tax deadline is behind us, it’s easy to push taxes to the back of your mind. But here’s the thing – the best time to start planning for next year’s refund is right now. I know taxes aren’t exactly fun to think about, but taking a few proactive steps today can make […]
US Presidential Election 2024: Are Political Donations Tax Deductible?
As we gear up for the 2024 presidential election, something intriguing is happening: a surge in political donations, especially from new contributors. Just last month, when President Biden unexpectedly stepped down from the 2024 race and backed Vice President Kamala Harris for the Democratic nomination, the Harris campaign saw an explosive fundraising boost. Within hours, […]
US Lawmakers Criticizes Trump’s Plan to End Social Security Taxes, Calls It a ‘Fatal Mistake’
It’s a bold claim that former President Donald Trump recently put forward: ending taxes on Social Security benefits. On July 31, he took to social media to declare that “Seniors should not pay tax on Social Security,” a sentiment he echoed during an August 7 interview on Fox & Friends. As a tax professional, I’ve […]