by OverviewFX | Feb 26, 2024 | taxes
You may be familiar with what tax credits are, but you may be wondering: What are refundable credits? What are non-refundable credits? These terms have been thrown around a lot lately, especially when it comes to the latest recovery rebate credit or some of the...
by OverviewFX | Feb 26, 2024 | taxes
With the Clean Vehicle Credit, under the Inflation Reduction Act, not only do you have a chance to save money on gas by purchasing an electric car, but this credit is a dollar-for-dollar reduction of the taxes you owe by $7,500 if you purchase a new electric vehicle...
by OverviewFX | Feb 21, 2024 | taxes
Recently I had dinner with friends who run a business, and the conversation turned to buying new cars. The “buy versus lease” question was asked of me, the so-called tax expert at the table. As always, I don’t answer any tax questions until I have time to double-check...
by OverviewFX | Feb 16, 2024 | taxes
Considering going back to school? The quest for higher education can be a worthwhile but costly pursuit. On top of tuition and fees, hidden costs and supplies add financial and emotional challenges to the many lower-income students who already have debt burdens. With...
by OverviewFX | Feb 15, 2024 | taxes
If you are an investor, it is likely that you have made an investment that went bad at some point. The IRS won’t give you back the money you lost, but Uncle Sam will let you take a deduction for the loss. But there are some rules you must know. You can’t report it...
by OverviewFX | Feb 14, 2024 | taxes
Valentine’s Day is here! And besides celebrating that we only have one month of winter left, there are a couple of other things we can celebrate – including taxes. Yeah, you read that right – tax season is upon us as well, and with it, a great opportunity to give our...
