Edge Financial Blog
We love writing about tax, talking about tax, and regaling all things tax.
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You know the feeling. While the clock is ticking toward half-past-who-knows-when, you’re staring at a stack of tax forms and receipts as your computer dares you to quit. But quitting is not an option when it’s officially Tax Day. Right about then...
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Tax legislation can be hard to understand. And with large bills, it can take quite some time for all the fine details of a bill to be parsed through by experts. Case in point: The Tax Cuts and Jobs Act of 2017. Though this $1.5 trillion tax bill was ...
You may be spending the summer at your vacation home, or renting it out for part or the entirety of the season. No matter the case, how the IRS views your vacation residence depends on what it’s used for and how much you use it – we clear the...
As a first time investor, you’re likely focusing on how to maximize your gains and minimize your losses. But have you thought about how you’ll be taxed come next spring? The best way to approach the uncertainty of investments is by understanding ...
Life comes at you fast, and when tax season rolls around, you may be surprised to find your financial situation has completely changed due to a major shift in your lifestyle, career, and family. We break down the 5 most common life events and how the...
The rules have changed yet again for HSAs, as the IRS reverses a rule instated for 2018 contributions. Your Health Savings Account may be an essential part of your financial affairs, and the following details will help you understand how to save for ...
Under the new tax law, alimony payments are no longer deductible or taxable transfers. Here’s an overview of the changes and what they mean for divorced couples as well as those considering a divorce. What’s Changing? Under the Tax Cuts a...
The IRS has made clear reporting offshore accounts is of utmost importance for taxpayers since 2009, with the release of the Offshore Voluntary Disclosure Program. It’s reached the point where the IRS has decided to close the program on September 2...
Tax Day has come and gone. Maybe your tax return is signed, sealed, and delivered…or maybe it isn’t. Whatever your situation, we have the information you need to combat post-tax day stress. Read below on what your next move should be, and you...
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