As a tax preparer the inevitable question comes up as I meet with clients, “Why can’t I deduct that?” Sometimes there is an easy answer, other times it tends to be more complicated. A simple answer is that deductions are often tied to a specific … [Read more...] about Can I Deduct that?
When you are younger and just starting out at that job that actually offers a decent 401k, retirement seems so far off. Each week when your paycheck comes you barely notice the money coming out that goes directly to your retirement account. That … [Read more...] about Taxation of Your Retirement Accounts