Taxes – Page 41 – Fiducial Blog

The Treasury Green Book of Biden-Proposed Tax Changes

August 27, 2021

The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget. We commonly refer to the publication as the Green Book.

Gift and Estate Taxes: Fiducial Lays Out Everything You Need to Know

August 25, 2021

The more you know about gift and estate taxes, the better prepared you are to plan for the future. Fiducial has a primer on the subject to get you started.

10 Facts About the Pass-Through Deduction for Qualified Business Income

August 13, 2021

Are you eligible for the deduction for QBI? Fiducial has 10 facts about this valuable tax break, referred to as the pass-through or QBI deduction.

Be prepared for 401(k) casualty loss hardship distribution requests

August 9, 2021

Employers that sponsor 401(k) plans must be prepared todeal with the casualty loss safe harbor. Fiducial has information to guide you below.

Restaurants and Businesses Benefit from Temporary Tax Deduction

August 6, 2021

Congress has provided businesses a temporary tax break to help the restaurant industry. Fiducial has more details about this tax deduction below!

How Can Eldercare Qualify as a Medical Deduction?

July 30, 2021

The cost of eldercare may qualify for a deduction as a medical expense. But as with anything tax-related, there are many factors to consider.

How Biden's Proposed American Families Plan Might Affect You

July 23, 2021

President Biden presented his American Families Plan (AFP) during his Joint Session of Congress address. Fiducial has an overview of what is in the plan.

Tax Consequences of Owning a Short-Term Rental Property

July 21, 2021

Many taxpayers rent out their first or second homes without considering tax consequences. If you own a short-term rental, know the tax rules that may apply.