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How Charitable Donations Lower Your Tax Bill

How Charitable Donations Lower Your Tax Bill

by Michele Cagan | Sep 4, 2025 | Charitable Giving, Do Your Own Taxes, Retirement Planning

This blog post has been recently updated to include new information from the 2025 tax bill relevant to how your charitable donations affect your tax bill. **Please Note: This content does contain affiliate links where I may profit from a sale. The Tax...
5 Reasons You Need Mid-Year Tax Planning – Before It’s Too Late

5 Reasons You Need Mid-Year Tax Planning – Before It’s Too Late

by Michele Cagan | Jul 24, 2025 | Do Your Own Taxes, Get Help When You Need It, Protect Your Financial Future, You Need to Know This

As a CPA, I help a lot of people with their taxes. A lot of times, they’re pretty unhappy with their tax situations. Truthfully, most of us only think about taxes at tax time. But by then, it’s too late to do any planning. It’s too late to minimize your tax bill....
How to Reduce Your Withholding Taxes for More Take Home Pay

How to Reduce Your Withholding Taxes for More Take Home Pay

by Michele Cagan | Jul 11, 2025 | Do Your Own Taxes, Get Help When You Need It, Making Ends Meet, Personal Finance, Protect Your Financial Future, You Need to Know This

I would never (as a CPA) recommend that you stop paying taxes as a form of protest. Federal income taxes are the U.S. government’s largest source of revenue. So far in 2025, income taxes brought in $1.82 trillion. That’s 52% of total federal revenues! In...
Maximize Your Home Office Deduction – Do It the Long Way

Maximize Your Home Office Deduction – Do It the Long Way

by Michele Cagan | Mar 6, 2025 | Do Your Own Taxes

If you own your own business and you work from home, that can score you a very big tax break…as long as you can stand a little math and some extra paperwork. First, to be clear, you have to file a Schedule C as part of your tax return to take advantage of the home...
How to Calculate Depreciation for Your Home Office Deduction

How to Calculate Depreciation for Your Home Office Deduction

by Michele Cagan | Mar 6, 2025 | Do Your Own Taxes, Owning Your Own Business, Personal Finance

Note: This article was originally posted in 2017 but has been updated with more current information. Depreciation is the most confusing part of the full home office deduction, but it can substantially minimize your current tax bill. That’s because when you reduce...
Self-Employment Taxes: Here’s What You Need to Know

Self-Employment Taxes: Here’s What You Need to Know

by Michele Cagan | Feb 19, 2025 | Do Your Own Taxes, Owning Your Own Business, Single Mom CPA, Small Business, You Need to Know This

More and more people – especially single moms –  are working multiple jobs or side gigs to make ends meet. But not all of those jobs come with a “normal” paycheck, the kind with taxes taken out. And that’s why you need to know about self-employment...
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Latest Blog Posts

  • How Charitable Donations Lower Your Tax Bill
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