Understanding Taxes on Social Security Benefits in 2025: What You Need to Know

Social Security benefits provide financial support to millions of retirees, survivors, and disabled individuals. However, many are surprised to find out that these benefits may be subject to federal taxes. If you have additional income from a job, pension, or investments, you might need to pay taxes on a portion of your Social Security benefits. […]

Project 2025 Tax Changes: Detailed Insights and Important Facts for Tax Payers

Project 2025 Tax Changes: Detailed Blueprint and Important Facts | Spring Lake, Manmouth County

If you’ve been scrolling through social media or catching up on the news lately, you might have heard about Project 2025. This is a controversial policy blueprint developed by the Heritage Foundation. It’s a whopping 900-page document that’s causing quite a stir with some of its eye-opening proposals. Democracy Forward, a legal organization, has called […]

2025 Tax Brackets and Key Updates: What You Need to Know

Every year, the IRS adjusts tax provisions to account for inflation. This helps prevent what’s known as “bracket creep,” where inflation pushes taxpayers into higher brackets even if their real income hasn’t increased. For 2025, these adjustments mean changes to income tax brackets, deductions, and credits, all of which could impact how much you owe […]

Tax Saving Tips: Strategic Account Withdrawals for Best Returns

Tax-Saving Tips: Strategic Account Withdrawals for Best Returns, John Geantasio, CPA | Spring Lake, Manmouth County

Retirement means you finally get to call the shots with your time. Want to spend an afternoon watching old episodes of Friends? Go for it. But there’s another perk you might not have considered—having more control over your money. When you’re working, your paycheck is fixed, and managing your tax situation is tricky. But in […]

How to Pay ZERO TAXES: Tax Loopholes for the Average Taxpayer

Tax Loopholes | cpa Spring Lake, Manmouth County

In this comprehensive guide, we’ll explore how the average person—not just billionaires—can legally reduce their tax burden and even pay zero taxes in some cases. If you’ve ever searched for “CPA near me for taxes” to find expert advice, this guide will break down practical tax-saving strategies that cater to the 99%, not just the […]

The Financial Compass for Expansion: Why You Need a Top-Notch Financial Controllers

Why You Need a Top-Notch Financial Controllers, John Geantasio, cpa Spring Lake, Manmouth County

Businesses today are constantly on the lookout for ways to grow and stay ahead of the competition. To achieve this, they need a solid plan, smart financial management, and clear decision-making. This is where the financial controller steps in and plays a vital role. They are essential for driving business growth by not only overseeing […]

6 Benefits of Early Tax Filing: Save Money, Reduce Stress, and More!

Tax Filing | CPA Spring Lake, Manmouth County

Many people wait until the very last minute to file their tax returns, even though there are advantages to tax filing early. If you’re expecting a refund, filing sooner means getting your money back faster. Even if you owe money, there are still benefits to getting your return submitted early.  The deadline to file your […]

Avoid These 6 Common Tax Mistakes To Prevent an IRS Audit 

COMMON TAX MISTAKES - CPA Spring Lake, Manmouth County

Tax season can be stressful. Filling out forms and gathering information can feel overwhelming, especially for first-time filers. There’s also the worry about getting audited by the IRS, which is increasing its audits on high-income taxpayers this year. An audit is basically a check by the IRS to make sure your tax information is correct. […]

Student Loan Forgiveness and Taxes: A Guide for Borrowers in 2024

Student Loan Forgiveness and Taxes: A Guide for Borrowers in 2024

If you had your student loans forgiven last year, you might owe state taxes. You might have received a tax form called 1099-C, which shows any cancelled debt. It’s important to report this when you file your taxes, just like any other income. Around 153,000 borrowers had their student loans forgiven recently. The good news […]