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States That Do Not Allow Medical Expense Deductions at All

Medical expenses can be one of the largest costs that individuals and families face, especially for seniors, those with chronic…

3 weeks ago

State Late Filing Penalties in California, New York, Texas, and Florida: A Comparison

When businesses or individuals miss state tax deadlines, each jurisdiction imposes its own penalties and interest. Understanding how California, New…

3 weeks ago

State Income Tax Extensions: How CA, NY, FL & TX Differ from Federal Dates

While the IRS grants an automatic six‑month extension on Form 1040 when you file Form 4868 by April 15, state income tax extension…

3 weeks ago

State C‑Corp & S‑Corp Deadline Comparisons: What You Must Know for 2025–26 Filing Seasons

While federal deadlines for C‑Corporations (Form 1120) and S‑Corporations (Form 1120‑S) are well‑known—April 15 and March 15 respectively—each state sets its own due dates…

3 weeks ago

Should You Pay Large Medical Bills Before or After December 31?

When dealing with large medical expenses, timing your payments can have a significant impact on your tax situation. The end…

3 weeks ago

Self-Employed? Here’s How to Deduct Your Medical Insurance

If you're self-employed, one of the most significant tax benefits available to you is the ability to deduct medical insurance…

3 weeks ago

Section 199A (QBI) Deductions and Your Schedule K-1 Box 20 Codes

The Qualified Business Income (QBI) deduction under Section 199A of the Internal Revenue Code provides a valuable tax break for…

3 weeks ago

Planning Medical Expenses in States with No Income Tax: Should You Focus Only on Federal?

For residents of states that don’t impose a personal income tax—such as Florida, Texas, Alaska, and Washington—the process of tax…

3 weeks ago

Passive vs. Active Income in Schedule K-1: Impacts on Your Tax Liability

Schedule K-1 is a powerful and complex tax form used by partnerships, S corporations, and certain trusts and estates to…

3 weeks ago

Partner & Shareholder Tax Returns in Multi‑State Filings: Timing and Extension Pitfalls

When partnerships and S‑corporations operate across multiple states, partners and shareholders face a complex web of filing requirements. Each state…

3 weeks ago

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