Navigating Taxes as a Homebuyer in Ohio

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… Read More

What to Know About Changes to Child Tax Credits for 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… Read More

Taxability of Barter Transactions

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… Read More

When Should Married Couples File Taxes Separately?

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… Read More

How to Minimize Your Chances of a Tax Audit

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… Read More

The Most Overlooked Tax Deductions

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… Read More

Education Credits and Other Tax Benefits for Students

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’… Read More

What Do First-Time Tax Filers Need to Know?

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… Read More

Tax Tips for Newlyweds

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… Read More

Tax Rules for Vacation Rental Properties

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… Read More