Most Recent Manage Money News

What Parents of Children with Special Needs Can Deduct 

What Parents of Children with Special Needs Can Deduct 

Key Takeaways:  Parents of children with disabilities can claim special needs deductions for medical expenses, therapies, transportation, home modifications, and...

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What Happens If You Forget to Take Your Required Minimum Distributions (RMDs)? 

What Happens If You Forget to Take Your Required Minimum Distributions (RMDs)? 

Key Takeaways:  Retirement accounts grow tax-deferred, but annual required withdrawals must be taken to avoid penalties.  RMDs apply to most...

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What is the Child Tax Credit? 

What is the Child Tax Credit? 

Key Takeaways:  The Child Tax Credit (CTC) in 2025 is worth up to $2,220 per qualifying child under age 17. ...

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2025 Q3 Estimated Tax Payments Are Due. Are You Prepared? 

2025 Q3 Estimated Tax Payments Are Due. Are You Prepared? 

Key Takeaways:  Estimated tax payments are required for individuals with income not subject to withholding, like self-employed workers, investors, and...

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Optima Tax Relief Earns Eighth Consecutive Civic 50 Orange County Award

Optima Tax Relief Earns Eighth Consecutive Civic 50 Orange County Award

Celebrating Eight Years of Giving Back, Optima Continues to Lead in Volunteerism, Philanthropy and Community Impact Optima Tax Relief has...

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Tax Guide for Self-Employed Personal Trainers 

Tax Guide for Self-Employed Personal Trainers 

Key Takeaways  Employment type matters: Gym employees receive W-2s, while contractors and online trainers file as self-employed and handle their...

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IRS Interest Rates Remain the Same for Q4 2025

IRS Interest Rates Remain the Same for Q4 2025

The IRS has announced its interest rates for the final quarter of 2025, with no changes from the previous quarter....

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IRS Installment Agreement vs. Currently Not Collectible: Which Option Is Right for You? 

IRS Installment Agreement vs. Currently Not Collectible: Which Option Is Right for You? 

Key Takeaways:  An IRS Installment Agreement lets you pay off tax debt in fixed monthly payments, while Currently Not Collectible...

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The Most (and Least) Tax-Friendly States for Retirees 

The Most (and Least) Tax-Friendly States for Retirees 

Key Takeaways:  The most tax-friendly states for retirees aren’t just those with no income tax. They are the ones where Social...

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How to Read Your IRS Transcript and Understand Account Codes 

How to Read Your IRS Transcript and Understand Account Codes 

Key Takeaways:   IRS transcripts are official tax records that show return data, payments, credits, and IRS transcript codes documenting...

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