by Naveed Lodhi | Jan 1, 2025 | Retirement & Social Security
The information in this article is up to date for tax year 2024 (returns filed in 2025). If you’re preparing for retirement, you might be wondering if social security is taxable income. The short answer: Yes. The longer answer: It depends. Social Security...
by Naveed Lodhi | Jan 1, 2025 | Tax Tips & Planning
The information in this article is up to date for tax year 2024 (returns filed in 2025). Are funeral expenses tax deductible? The short answer is that in most cases, they are not deductible on individual tax returns. However, there are specific situations where...
by Naveed Lodhi | Jan 1, 2025 | Tax Tips & Planning
Taking an unexpected trip to the doctor can really bust your budget. Depending on your insurance, you can pay up to $7,500 just to fix a broken leg. That’s the bad news. The good news is your out-of-pocket medical expenses are tax deductible and may be claimed on your...
by Naveed Lodhi | Jan 1, 2025 | Tax Tips & Planning
The information in this article is up to date for tax year 2024 (returns filed in 2025). Tax season can be stressful, especially when you’re not sure what tax deductions you can claim. The good news is, you’re probably eligible for more deductions than you...
by Naveed Lodhi | Jan 1, 2025 | Tax Tips & Planning
The information in this article is up to date for tax year 2024 (returns filed in 2025). You can’t control when you’ll get your tax refund but there is something you can do to speed up the process. Eight out of 10 taxpayers get their tax refund faster by using e-file...