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19
OCT
2021
In 2021, if you pay a household worker cash wages of $2,300 or more, you must withhold and pay Social Security and Medicare taxes. Learn about what this amount will be for 2022, as well as the tax obligations for household workers.

You may owe “nanny tax” even if you don’t have a nanny

In 2021, if you pay a household worker cash wages of $2,300 or more, you must withhold and pay Social Security and Medicare taxes. Learn about what this amount will be for 2022, as well as the tax obligations for household workers.
12
OCT
2021
A special federal income tax break is available if you rent your vacation home for less than 15 days during the year. Here are the rules.

Vacation home: How is your tax bill affected if you rent it out?

A special federal income tax break is available if you rent your vacation home for less than 15 days during the year. Here are the rules.
05
OCT
2021
Are you an artist or collector interested in donating artwork to charity? Here are the basic rules to claim a tax deduction for your generosity.

Navigating the tax landscape when donating works of art to charity

Are you an artist or collector interested in donating artwork to charity? Here are the basic rules to claim a tax deduction for your generosity.
04
OCT
2021
With fall foliage here in many areas, it’s time for businesses to start thinking about year-end tax strategies. It’s also time to think about the fourth quarter 2021 tax filing deadlines.

2021 Q4 tax calendar: Key deadlines for businesses and other employers

With fall foliage here in many areas, it’s time for businesses to start thinking about year-end tax strategies. It’s also time to think about the fourth quarter 2021 tax filing deadlines.
28
SEP
2021
Whether you win money gambling online, playing at a casino or participating in a sports betting activity, there are tax implications. Here are the basic rules that winners should understand.

The tax score of winning

Whether you win money gambling online, playing at a casino or participating in a sports betting activity, there are tax implications. Here are the basic rules that winners should understand.
27
SEP
2021
Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you must report the details to the IRS. The tax agency may then compare what both parties report to ensure they match.

M&A transactions: Be careful when reporting to the IRS

Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you must report the details to the IRS. The tax agency may then compare what both parties report to ensure they match.
20
SEP
2021
Claiming depreciation deductions for a passenger automobile can involve complex calculations. Here are the basic rules.

Tax depreciation rules for business automobiles

Claiming depreciation deductions for a passenger automobile can involve complex calculations. Here are the basic rules.
15
SEP
2021
Are you ambitious enough to open a second location of your business? The idea may have merit, but you’ll need to explore all aspects of it first.

Opening a new location calls for careful planning

Are you ambitious enough to open a second location of your business? The idea may have merit, but you’ll need to explore all aspects of it first.
14
SEP
2021
If you’re selling your principal residence, some or all of the profit may be tax free. It depends on your home sale profit and your income. Here are the basic rules.

Selling a home: Will you owe tax on the profit?

If you’re selling your principal residence, some or all of the profit may be tax free. It depends on your home sale profit and your income. Here are the basic rules.
07
SEP
2021
There have been proposals in Washington to reduce the estate and gift tax exemption amount, as well as make other changes to the estate tax laws. Making tax-free gifts by year end can reduce the size of your taxable estate and may be one way to recognize and address this potential threat.

Planning for year-end gifts with the gift tax annual exclusion

There have been proposals in Washington to reduce the estate and gift tax exemption amount, as well as make other changes to the estate tax laws. Making tax-free gifts by year end can reduce the size of your taxable estate and may be one way to recognize and address this...