December 2023

Introduction: Marital Bliss and Tax Twists Ah, marriage – a union of hearts, lives, and, often, financial worlds. But when tax season rolls around, couples face a pivotal question: to file jointly or separately? The debate over married filing separately is as old as tax codes themselves. Let’s delve into the pros and cons. The Basics of Married Filing Separately Married filing separately is exactly what it sounds like. Instead of combining incomes and deductions, […]

Introduction: Profits and Their Price You’ve sold an investment and made a profit – congratulations! But now, the capital gains tax looms. How much of your profit will go to Uncle Sam? The capital gains tax rate can be a maze, but with the right map, you can navigate it like a pro. What are Capital Gains? In the simplest terms, capital gains represent the profit you make from selling an asset, be it stocks,