Remote Employees, Reimbursements & Taxes
Your team’s remote. They’ve got internet bills, home office gear, maybe extra phone costs. And you—being the good boss you are—want to cover those costs But here’s the catch: how you reimburse them changes everything. There are really only two paths: Path 1: The “Easy” Way — Taxable Reimbursements You write a check or run a […]
Exploring Tax Opportunities to Pay Off Student Loans
Paying off student loans can be a significant challenge for many graduates. However, leveraging tax-advantaged strategies can alleviate some of this burden. In this article, we’ll explore various tax opportunities to help pay off student loans, including Section 529 plans, Section 127 employer payments, and strategies related to paying principal versus interest. We’ll also highlight […]
Video Tips: Passenger Vehicle Loan Interest
In the swirling complexities of tax legislation, even well-intentioned provisions can seem like offers of relief that arrive weighed down with restrictions. The OBBBA provision, which allows taxpayers to deduct up to $10,000 of interest paid on passenger vehicle loans, is poised to be one such measure. On the surface, it beckons with the promise […]