10 01, 2021

How Much Can I Deduct from a Capital Loss?

By |2021-01-10T21:32:53-05:00January 10th, 2021|Tax|0 Comments

How Much Can I Deduct from a Capital Loss on My Tax Return? And Why Losses can 100% Offset All Gains on Sales of Stock How much can I deduct from a capital loss on my tax return, and is it wise to sell stock at a loss for a tax deduction? In this blog post, we'll look into the thick and the thin regarding what happens when you deduct capital losses on your tax return, how much you can deduct [...]

3 01, 2021

How Do Gift Taxes Work? The Estate Tax Downgrade

By |2021-01-03T21:50:38-05:00January 3rd, 2021|Tax|1 Comment

How Do Gift Taxes Work? And What is the Estate Tax Downgrade with Regards to This Concept In this blog post, we discuss how gift taxes work, why when people always say I'll have to pay taxes if I gift more than $15,000 is wrong, and of why the estate tax exemption downgrade for 99% of Americans is literally nothing to fear. Yes that's right, in today's blog post I'm answering the question of how do gift taxes work, and discussing [...]

3 12, 2020

What are the Five Filing Statuses Permitted on Form 1040?

By |2020-12-03T22:34:54-05:00December 3rd, 2020|Tax|1 Comment

What Are the Five Filing Statuses Permitted on Form 1040, And How Can You Use Each One of These To Better Your Tax Situation? In this blog post, we'll answer the question of "what are the five filing statuses permitted on form 1040" and of how you can properly use each one of these at different periods in your life in order to benefit your tax situation. This is actually a really good and a really important thing to know about [...]