Hire your children this summer: Everyone wins


Are you a business owner with teenage or college-age children who constantly need money? Make them earn the money by hiring them. You can save taxes and reap other benefits.

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Selling your home? Consider these tax implications


Are you selling your principal residence? You may be able to exclude up to $250,000 ($500,000 for married joint filers) of gain. Here are the tax rules for home sales.

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Consider a Roth 401(k) plan — and make sure employees use it


A Roth 401(k) can be a valuable retirement savings option to add to your company’s benefits package. But make sure employees use it.

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Check on your refund — and find out why the IRS might not send it


In most cases, refunds are routinely sent to taxpayers within a few weeks. However, there may be delays, or, in worst-case scenarios, refunds may be applied to debts owed to the federal or state governments.

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What type of expenses can’t be written off by your business?


If you spend money in the course of doing business, you want to be able to write it off on your tax return. But in order to be deductible, expenses must meet certain requirements. Here are the rules.

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Plug in tax savings for electric vehicles


Are you interested in joining the growing ranks of plug-in electric vehicle owners? Find out about the federal income tax credit you might be able to claim.

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Employee vs. independent contractor: How should you handle worker classification?


Failure to properly treat workers as independent contractors can be an expensive mistake for employers. Take a look at ways to proactively plan ahead.

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Casualty loss deductions: You can claim one only for a federally declared disaster


The rules for deducting personal casualty losses on a tax return have changed for 2018 to 2025. Specifically, you generally can’t deduct losses unless the casualty event qualifies as a federally declared disaster.

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How entrepreneurs must treat expenses on their tax returns


Starting a new business can be a hectic, exciting and expensive time. Be aware that not all start-up expenses can be deducted on your tax return right away. Some may have to be amortized over time.

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Three questions you may have after you file your return


If you’re covered by Medicare, you know it can be confusing. You may not know that, if you qualify, you can deduct the cost of premiums, along with other medical costs, on your tax return. But it can be tough to qualify.

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