The newly enacted One Big Beautiful Tax Act has introduced sweeping tax changes for individuals and business owners across the country. While the headlines focus on the size and scope of this legislation, the real opportunity lies in understanding how to use these new rules to your advantage. Here are three smart tax strategies to help you lower your taxes […]
H.R. 6201 – Frequently Asked Questions
President Trump signed the Families First Coronavirus Response Act (H.R. 6201) bill into law on March 18, 2020 in response to COVID-19. There will be additional bills that will add, possibly change, and certainly clarify bill H.R. 6201 in the coming days and weeks. I put together the following Frequently Asked Questions surrounding this bill […]
Get a Tax Credit when You Install a Home Renewable Energy System
Thinking about installing a renewable energy system in your residence? Uncle Sam offers individual taxpayers a federal income-tax credit equal to 30% of the cost of qualified residential energy-efficient property (REEP). What Systems Qualify? Credit-eligible property includes: Solar electric Solar water heating Geothermal heat pump (uses ground or ground water as a thermal energy source […]
Why Dental Work isn’t Covered by Medical Insurance
NBC’s Nicola Spector takes a look at why dental work is not covered under medical insurance. She notes modern dentistry’s roots are in the barbershop rather than more traditional medical practice. Until the nineteenth century, dentistry was practiced in the same chair in which men got their hair cut and their beards trimmed. Dr. Gary […]