Navigating Taxes as a Homebuyer in Ohio
December 29th, 2024
Buying a home is an exciting milestone, but it’s also a significant financial commitment that brings tax implications. For Ohio residents, understanding available tax benefits and navigating the associated processes can lead to considerable savings…
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What to Know About Changes to Child Tax Credits for 2024
November 7th, 2024
As tax season approaches, many hardworking families are looking for ways to make the most of their tax benefits. One crucial area of focus is the Child Tax Credit (CTC), a vital lifeline for parents trying to provide for their children. Over the year…
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Taxability of Barter Transactions
October 6th, 2024
Bartering is an ancient practice still valuable in today’s business world. Whether you’re exchanging goods or services instead of using money, barter transactions can be a convenient way for individuals and businesses to conduct business. However…
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When Should Married Couples File Taxes Separately?
September 9th, 2024
Filing taxes can be tricky, especially for married couples. While many couples choose to file jointly, there are times when married couples filing separately might be the better option. Knowing when to consider filing separately when married can make…
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How to Minimize Your Chances of a Tax Audit
August 20th, 2024
For most people, the very thought of a tax audit is enough to cause immediate stress and anxiety. Audits can be time-consuming, carrying the chance of fines, additional taxes, and even criminal penalties. There is no need to fear, however. With prope…
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The Most Overlooked Tax Deductions
June 29th, 2024
Some people may feel a thrill of patriotic duty from filing and paying their taxes, but for most of us, the most satisfying part of the process is realizing that we don’t have to write a big check to the IRS—or that we may even be getting a refun…
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Education Credits and Other Tax Benefits for Students
June 10th, 2024
Let’s face it: higher education is expensive—but it can open up a world of opportunities for learners. Having a more educated population also benefits communities, whether students become doctors and lawyers or plumbers and electricians. As we’…
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What Do First-Time Tax Filers Need to Know?
May 8th, 2024
Not many people actually enjoy filing their income tax returns, but for first time tax filers, the prospect of sitting down and preparing their tax return is especially stressful. That can lead to procrastination, as the deadline draws nearer and nea…
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Tax Tips for Newlyweds
April 9th, 2024
As an old saying says, “Marriage is joy doubled and sorrow halved.” If you put filing your taxes under the “sorrow” column, that’s definitely true—you now have someone to share the stress of filing with. But filing taxes as a newly marrie…
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Tax Rules for Vacation Rental Properties
March 12th, 2024
A vacation rental property is not only a source of income, but often a wise investment. Real estate, especially in desirable areas, tends to appreciate in value. There are other advantages, too: vacation rentals can diversify your investment portfoli…
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