Blogs

Tax Rules for Gifting: Benefits, Exclusions & Tips

Tax Rules for Gifting: Benefits, Exclusions & Tips

When you give a gift to a friend or family member, you're likely not thinking about taxes, but the Internal Revenue Service (IRS) may want to know about it and even collect taxes. Don't worry—you likely don't have to worry about the gift tax for normal holiday or...

read more
Married Filing Jointly vs Separately | Hood CPAs

Married Filing Jointly vs Separately | Hood CPAs

Marriage & Taxes: Married Filing Jointly vs. Separately When filing taxes, married couples must make an important decision: should they file jointly or separately? This decision can significantly impact your tax liabilities, deductions, and potential refunds....

read more
pardot994842=cfaab9fba9dacd312eb35ba6e8e160f0203f8e8fed3d88a42fa8d8c199ffcd50