It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. L is for Long-Term Gains Or Losses….
I swear it is better to stuff your mattress with your money. That was a comment from one of my friends today after she took a peek at the market. It’s been a volatile day. Within minutes of the opening bell, the Dow Jones industrial average plummeted more than 1,000 points. That was reportedly the…
C is for Capital Losses. We hear a lot in the tax world about capital gains. But what about its counterpart, capital losses? You don’t see a lot written about losses because, let’s face it, they’re a bit of a downer. Nobody wants to talk about losing money. It’s much more fun to talk about…