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Managing the Business Interest Expense Deduction Limit
TCJA limits business interest deductions to 30% of ATI. Manage the deduction limit with 3 options. Read more.
Mar 12
Q&A: IRA Withdrawals for Required Minimum Distributions (RMDs)
At 73, RMDs from IRAs are required. Early withdrawals may face taxes and penalties. Missing an RMD incurs a 50% penalty—plan wisely!
Feb 18
How will Inflation affect your 2024 and 2025 Tax Bills?
2025 inflation adjustments mean higher tax breaks, more retirement savings, larger FSAs, and bigger gift tax limits to save you money.
Jan 24
How Self-Employment Tax Works: A Refresher Guide
Self-employment tax is 15.3%, paid quarterly. Learn what to expect & consult a VAAS Tax Professional to manage taxes.
Jan 9
Deducting Vehicle-Related Expenses: What You Need to Know
TCJA limits vehicle deductions however, self-employed CAN claim work miles, while others can only claim medical, charity, & military moves.
Nov 7, 2024
Lower your Tax Bill with Year-End Tax Strategies
Plan tax-saving strategies for 2024. Maximize deductions, delay income, contribute to retirement, and donate smartly from IRAs.
Oct 9, 2024
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