Blog
How Do Detroit Investors Avoid Capital Gains Taxes From Selling Investments Or Property?
Key TakeawaysHold for at least one year and a day to qualify for lower long-term capital gains rates. Use losses to offset gains through...
What is in the One Big Beautiful Bill? Child Tax Credit Changes for Detroit Families
Key TakeawaysThe Child Tax Credit (CTC) is now worth up to $2,200 per child for 2025 taxes (filed in 2026). Up to $1,700 of the...
What’s Alternative Minimum Tax? A 2026 Update for Detroit High Earners
Key TakeawaysThe OBBBA changes the AMT landscape starting in 2026, meaning more taxpayers will be pulled into AMT territory. High earners...
Can an ABLE Account Help Detroit Families with Qualified Disability Expenses?
Key TakeawaysABLE accounts let you save and invest tax-free for disability-related expenses. Up to $100,000 in an ABLE account is...
How Does the Health Savings Account Work for Detroit Taxpayers?
Quick Answers: How Does The Health Savings Account Work?You must have a qualified High Deductible Health Plan (HDHP) to open and...
Detroit Couples: Wondering When to File “Married Filing Separately”?
Quick Answers: When To File Married Filing Separately?Filing separately can help if one spouse has high medical expenses and a lower income. It...
Does OBBBA Change How Social Security Is Taxed for Detroit Retirees?
“The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” ―Jean-Paul SartreQuick Answers: How Does...
No Taxes on Overtime: Bigger Paychecks for Detroit Workers?
“The trouble with the world is not that people know too little; it's that they know so many things that just aren't so.” —Mark TwainQuick...
Detroit Families: Will Updating My W4 Tax Form Boost My Paycheck?
“A man should never neglect his family for business.” —Walt Disney Quick Answers: Will Updating My W4 Tax Form Increase My...