The IRS is ending universal wallet accounting for cryptocurrencies starting January 1, 2025, requiring investors to report transactions on an account-by-account basis, which necessitates more precise tracking and strategic tax planning.
It's still Spring, so it's still an ideal time to clean up your finances, clear out the clutter, and get a fresh start. Consider these 7 suggestions to get a better handle on your finances.
You know you have to pay taxes, but did you know when you choose to pay them could make a big difference in your tax return? Start the new year off right with these must-know facts about your taxes (Psst, especially if you're a business owner!).
In response to high inflation, the IRS announced higher tax brackets and standard deductions for 2023. Contribution limits have also been increased for HSAs and FSAs.