Charitable Donations: What the IRS Requires for Proof
Sep 30, 2025Key Takeaways: Charitable donations are deductible only if given to qualified 501(c)(3) organizations, including religious, educational, and charitable nonprofits. Cash...
- 118
Most Recent Manage Money News
Manage Money
How to File Taxes as a Musician or Artist
Sep 24, 2025Key Takeaways: Musicians and artists are often considered self-employed, meaning they must report all income, pay self-employment tax on...
- 125
Manage Money
The Best Bookkeeping Practices to Avoid Tax Trouble
Sep 23, 2025Key Takeaways: Know your tax obligations and deadlines, including estimated quarterly payments, to avoid late fees and penalties. Keep...
- 122
Manage Money
Massachusetts Treasury Check Fraud: $8.8 Million Scheme Leads to Federal Charges
Sep 22, 2025In one of the largest Treasury check fraud cases to emerge from Massachusetts, federal authorities have charged eight individuals with...
- 135
Manage Money
Optima Newsletter – September – Optima Tax Relief
Sep 21, 2025Sep 11, 2025 Social Security Survivor Benefits and Taxes: What Widows Should Expect When a spouse passes away, it can...
- 136
Manage Money
How to Respond to IRS Letter 1058: The Final Warning Before a Levy
Sep 20, 2025Key Takeaways: IRS Letter 1058 is a final warning: It signals the IRS’s intent to levy your assets, including...
- 131
Manage Money
What Parents of Children with Special Needs Can Deduct
Sep 19, 2025Key Takeaways: Parents of children with disabilities can claim special needs deductions for medical expenses, therapies, transportation, home modifications, and...
- 139
Manage Money
What Happens If You Forget to Take Your Required Minimum Distributions (RMDs)?
Sep 13, 2025Key Takeaways: Retirement accounts grow tax-deferred, but annual required withdrawals must be taken to avoid penalties. RMDs apply to most...
- 164
Manage Money
What is the Child Tax Credit?
Sep 12, 2025Key Takeaways: The Child Tax Credit (CTC) in 2025 is worth up to $2,220 per qualifying child under age 17. ...
- 144
Manage Money
2025 Q3 Estimated Tax Payments Are Due. Are You Prepared?
Sep 11, 2025Key Takeaways: Estimated tax payments are required for individuals with income not subject to withholding, like self-employed workers, investors, and...
- 112
