Tax Blog

Election season is right around the corner, and you might be wondering are political donations tax deductible? The short answer is no, political donations aren’t tax deductible. They’re often confused for other types of donations that are tax deductible.

What happens if you don’t report cryptocurrency on taxes? You’ll be held liable for the repercussions, which can be drastic.

We’ve compiled 4 frequently asked questions regarding personal loan tax deductions – and (spoiler alert) most of the time, they’re not tax deductible.

How is overtime taxed? It depends on how your salary is paid, and what tax bracket you fall into.

Pennsylvania inheritance tax – what is it, and who needs to pay it? Learn the difference between estate tax and inheritance tax in this blog.

How can you avoid the gift tax? It most likely doesn’t apply to your situation, unless the gift exceeds $16,000.

Gas tax – how is gas taxed in the United States? Gas is taxed at both the state and federal levels in the US.

What is tax loss harvesting? If you’ve had a loss on an investment, you can sell it to offset any gains you’ve made on other investments to reduce your tax bill.

What’s the difference between bookkeeping and accounting, and when do you use each service? Find out in this blog from Diversified Tax.

There are 3 tax buckets you need to know about when determining where to invest your money. Learn about taxable accounts, tax-deferred accounts and tax free accounts.