Are You Age 50 or Older? Here Are Some Tax Tips Just For You!

Everyone wants to save money on their taxes, and older Americans are no exception. If you’re age 50 or older, here are five tax tips that could help you do just that. Continue reading “Are You Age 50 or Older? Here Are Some Tax Tips Just For You!”

Can A Cancelled Debt Be Taxable Income?

If a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2017. Here are seven things you should know about debt cancellation: Continue reading “Can A Cancelled Debt Be Taxable Income?”