Tax will be one of your largest lifetime expenses. Planning ahead will allow you to create a tax strategy that can legally reduce your tax liability and build wealth.
Learn what is the Kiddie Tax and how it impacts your child’s investment income in 2026. Discover IRS thresholds, age requirements, and tax planning strategies for families.
What is the Kiddie Tax? 8 Facts About Taxing Your Child’s Investment Income Read More »
If you have stocks that have appreciated in value, it is important to understand the tax implications of selling them.
How to Reduce Capital Gains Tax on Stocks: 4 Tax Strategies for 2026 Read More »
Discover the top high net worth tax strategies for 2026. Learn how the certain tax laws impact estate tax exemptions, trust rates, and gift limits for wealthy families.
5 High Net Worth Tax Strategies to Protect Your Wealth Read More »
Looking for a Black-Owned tax or accounting firm managed by an experienced and trusted CPA or Enrolled Agent (EA)? Look no further! Executives, owners and founders of middle-market businesses or nonprofits who want to work with the creator of The Little CPA for tax preparation, audit, estate planning, business planning and other services,
35 Black-Owned CPA and Enrolled Agent Firms You Need to Know Read More »
Key takeaways from 5 Tax Benefits for Your Home Improvements: You might qualify for tax credits if you make certain energy-efficient improvements to your home. You might be able to deduct interest paid towards HELOC or Home Equity Loans. Capital improvements can help you pay less tax when you sell your home. While home improvements,
5 Tax Benefits for Your Home Improvements Read More »
Although cryptocurrency taxation is still evolving, there are current tax laws in place every crypto investor should know.
Six Tax Items Every Cryptocurrency Investor Should Know Read More »
Key takeaways from 4 Ways Home Ownership Can Reduce Your Tax Bill: As a homeowner, you are eligible for both a property tax and mortgage interest tax deduction. Business owners who own their home might qualify for the home office deduction. The Section 121 exclusion provides one of the largest tax
4 Ways Home Ownership Can Reduce Your Tax Bill Read More »
Do you want to know if your Home Equity Loan or HELOC provide any tax benefits? Check out the blog for insights on the mortgage interest tax deduction and more!
Is Interest on Home Equity Loans and HELOCs tax-deductible? Read More »
You can deduct tithes on your tax return, but should you? Here is a CPA’s perspective on taking a charitable deduction for tithes.
Should You Claim Your Tithes as a Tax Deduction? Read More »
When it comes to inherited property, there can often be confusion about what happens next. In many cases, the property is passed down from one generation to the next on a “step up basis.” What is step-up in basis? And what are the implications for recipients of inherited property? To answer these questions, The Little
Inherited Property: What is Step-Up in Basis? Read More »
