by dev | Jan 13, 2023 | Tax Strategy
A nonqualified deferred compensation (NQDC) plan is an agreement between you and your employer to pay some portion of your compensation in the future. NQDC plans provide employers and employees with different tax benefits than qualified plans, such as 401(k)s and...
by dev | Jan 13, 2023 | Tax Strategy
2021 Compensation Optimization Details Compensation optimization is the process of reviewing your total “compensation” needs and determining whether changing business entities would help better distribute the compensation across various types of income. Certain...
by dev | Jan 13, 2023 | Tax Strategy
2022 Sale of Home Exclusion Details Taxpayers can exclude up to $500,000 of capital gains from any gains on the sale of their primary residence if they meet specific requirements. To qualify the seller must have lived in the home as their primary residence for at...
by dev | Jan 13, 2023 | Tax Strategy
2022 American Opportunity Credit Details American Opportunity Credit reduces income tax dollar for dollar. American Opportunity Credit reduces your taxes by up to $2,500 per student for the education expenses of college students pursuing a degree during their...
