The tax implications of a business vehicle

The tax implications of a business vehicle

The use of a business vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in tax deductions for the employer as well as tax breaks for the owners and employees using the cars. (And of course, they get the nontax...
Use a Coverdell ESA to help pay for your child’s education

Use a Coverdell ESA to help pay for your child’s education

There are several ways to save for your child’s or grandchild’s education, including with a Coverdell Education Savings Account (ESA). Although for federal tax purposes there’s no upfront deduction for contributions made to an ESA, the earnings on the contributions...