How Can a Nonworking Spouse Qualify for a Spousal IRA?

How Can a Nonworking Spouse Qualify for a Spousal IRA?

Generally, only taxpayers who have compensation may make contributions to IRAs.The spousal IRA is the exception to this rule.
Costs for Medically-Related Home Improvements Have Tax Benefits

Costs for Medically-Related Home Improvements Have Tax Benefits

Ten thousand baby boomers a day are reaching the age of 65. As this population ages, many people require medically-related home improvements.
Strategic Preparation is Key to Selling Your Company

Strategic Preparation is Key to Selling Your Company

Many people dream of starting their own company. Few realize that selling your company requires almost the same amount of effort and planning.
Agencies Clarify Plan Coverage of COVID-19 Tests

Agencies Clarify Plan Coverage of COVID-19 Tests

On February 4, several government agencies issued additional FAQs re: COVID-19 tests. Specifically, how goup health plans must cover OTC COVID-19 tests.
What’s Next for the Child Tax Credit? Families Want to Know

What’s Next for the Child Tax Credit? Families Want to Know

December 15th marked the last deposit for the child tax credit payment under the ARP. Many families have been left waiting and wondering what's next.
Important Enhancements to the Earned Income Tax Credit (EITC) for 2021

Important Enhancements to the Earned Income Tax Credit (EITC) for 2021

The earned income tax credit (EITC) is one of the government’s largest antipoverty programs. Significant enhancements have been added - don't miss out!