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Tax benefits – XtremeCuztoms

Category: Tax benefits

Everything You Need to Know About Health Savings Accounts

Everyone is always looking for that next money hack, most of the time it is right under their nose.  Health Savings Accounts (HSA) are rarely mentioned and widely underused. The lack of attention it gets leads many to leaving tons of money on the table, especially when measured over a lifetime. The Millennial generation should…


Does the Government Give Money Away for Free?

When I first got my driver’s license, my grandparents handed me down a second car they owned. Obviously, I was beyond grateful. What freshly-minted driver wouldn’t want a free car or truck? Of course, my first car wasn’t 100% free. Even though my grandparents gave me the car, I still had to pay for the…


This Is Why It Pays to Be Charitable Year Round

By Arash Homampour As the holiday season approaches, many business owners are thinking about scheduling parties, buying gifts for key customers, and calculating employee bonuses. But now is also the perfect time to think about charitable giving. Year-end gifts are not only important for the recipients, but they can also be extremely beneficial for the…


NTD Business Full Broadcast (Mar. 11)

President Biden has just signed the near 2 trillion dollar relief bill. We bring you the details on what tax benefits you can get. Americans go on a mortgage refinancing binge. But what are the risks of using your home as an ATM? Europe’s Central Bank says it will continue with massive money printing until…


Why Full Expensing of R&D Should Remain in the Tax Code

Commentary Ask a thousand random people what the 2017 tax reform law did, and probably none of them would tell you about full expensing of business investments—instead, they’d likely cite individual or corporate income tax reductions. And yet, the ability to immediately deduct investment expenses was one of the most important, pro-growth provisions in the…