If you’ve done your own taxes or hired an accountant, you’ll no doubt be familiar with the term itemized deductions. The strategy involves using specific expenses that can be subtracted…
While the 2023 tax filing season is underway, we believe that it’s prudent to know about the tax changes in 2024 that have already been implemented. At Tuffy & Associates,…
If you are trying to decide between buying or leasing your vehicle, you might be wondering, which option is best and what provides the most tax savings? The Difference between…
If you have your own business, one of the smartest tax moves you can make is to hire your spouse to work as your employee. Here are 5 things you…
Most people have heard of flexible spending accounts that are typically used to pay for healthcare costs like deductibles, copayments, coinsurance, and some drugs, but have you heard about Health…