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2026 Tax Updates: A Guide to What You Can Expect
The New Year is around the corner and with it begins the new tax filing season. As 2026 approaches, however, you should begin preparing for some sweeping changes in the…
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4 Tax-Saving Strategies You Can Implement This Year
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…
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Tax Changes in 2024 That You Should Know About
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,…
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Buying or Leasing Your Vehicle: The Tax Implications of Both
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…
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Employing Your Spouse: 5 Things to Keep in Mind
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…
Health Savings Accounts: What You Need to Know
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…