by OverviewFX | Feb 7, 2024 | taxes
You may have itemized your tax deductions in the past if you are, for instance, a homeowner. But now, you may benefit from taking the standard deduction if the new standard deduction amount for your filing status is more than your itemized tax deductions. If you’re...
by OverviewFX | Feb 5, 2024 | taxes
Before you throw all of your tax documents up in the air after filing to celebrate the occasion, we need to discuss just how long you should keep that info in a safe and secure place. That’s right, you should store your tax information and documentation, including a...
by OverviewFX | Feb 5, 2024 | taxes
The tax season is underway, and if you have already filed your 2023 taxes, congratulations! So wait, why should you still care about your 2024 taxes (the ones you will file in 2025)? Believe it or not, what you do now throughout 2024 can make a difference in your tax...
by OverviewFX | Feb 2, 2024 | taxes
If your son or daughter is a college athlete, they are allowed to participate in NIL (Name, Image, and Likeness) activities without impacting their NCAA eligibility. This policy change will mean changes to their finances, and they will need to file taxes because of...
by OverviewFX | Jan 31, 2024 | taxes
If you’ve recently struck gold at the casino, hit the jackpot in a poker tournament, or experienced the thrill of the lottery or any other gambling activity, you’re probably wondering about the potential tax implications. Spoiler alert: all your winnings, big or...
by OverviewFX | Jan 31, 2024 | taxes
When those wedding bells start ringing, phrases like “tax bracket” and “married filing jointly” are probably the last thing on your mind. However, once the couple eats the cake, the newlyweds toss the bouquet, and the next chapter of your life officially begins, it’s...
