Watch Out For These Unexpected Tax Surprises!
No one likes surprises from the IRS, but they do occasionally happen. Here are some examples of tax situations you could find yourself in and what to do about them. Kids getting older tax surprise. Your children are a wonderful tax deduction if they meet certain...
Year-End Tax Cutting Moves to Consider
Here are moves you can make to reduce your taxable income. But the year is quickly coming to a close, so plan accordingly. Max out pre-tax retirement savings. The deadline to contribute to a 401(k) plan to get a 2023 taxable income reduction is December 31st. So...Oregon Paid Leave
Effective January 1, 2023 employers were required to start making contributions to the Paid Leave Oregon fund. The law applies to both public and private employers with one or more employees, and self-employed individuals may opt in for coverage. Employers with less...Washington Capital Gains Tax
The Washington 7% tax on capital gains in excess of $250,000 went into effect January 1, 2022. This tax will generally be imposed on Washington residents but could also apply to nonresidents with transactions occurring in Washington, and individuals with ownership of...
