Tax Planning

As online transactions and digital banking continue to rise, safeguarding your identity has become more critical than ever. Recent data shows that nearly 1 in 5 Americans have fallen victim to identity theft at some point in their lives. With cybercriminals continuously developing new methods to steal sensitive information, it’s crucial to stay vigilant and […]

The Consumer Financial Protection Bureau (CFPB) has sued Capital One Financial Corporation. The accusation? Deceptive practices around their savings account options. The main issue is how they handled interest rates for “360 Savings” accounts. The CFPB claims this led to customers missing out on over $2 billion in interest. This lawsuit brings up big questions […]

The Internal Revenue Service (IRS) has announced its inflation adjustments for the 2025 tax year, revising over 60 provisions to reflect economic changes. These updates will directly impact individual and business taxpayers when filing returns in 2026. Adjustments include changes to the standard deductions, marginal tax brackets, credits, and health and transportation benefits. These measures aim […]

As 2025 approaches, a major shift in U.S. tax policy looms over millions of American households. The Tax Cuts and Jobs Act (TCJA) of 2017, one of the hallmark achievements of former Trump’s administration, is set to expire. This expiration will significantly alter the tax landscape, raising questions about how taxpayers will be affected and what […]

The holiday season is a time of joy, connection, and giving. However, with the surge in shopping activities, both online and in-store, the risk of falling victim to scams and fraudulent activities also increases. California Attorney General Rob Bonta and the Federal Bureau of Investigation (FBI) have issued timely warnings to help consumers navigate these […]

The end of the Tax Cuts and Jobs Act in 2025 is poised to bring a wave of significant tax changes that will impact businesses, individuals, and retirees alike. This impending shift means that understanding the changes and preparing for their financial implications is more crucial than ever. Adjusting financial and retirement plans now can […]

Starting next year, individuals with Health Savings Accounts (HSAs) and High-Deductible Health Plans (HDHPs) can save more towards medical expenses. The IRS increased HSA contribution limits, allowing individuals to contribute up to $4,150, while families can contribute up to $8,300. For those aged 55 or older, an additional catch-up contribution of $1,000 remains available. These […]

Former President Donald Trump is taking a different approach from the typical Republican tax strategy. Instead of cutting tax rates for everyone, he’s focusing on changing specific things. He’s planning to remove the state and local tax cap and boost deductions for certain types of income. These ideas bring back some old tax methods from […]