Tax Posts

What Happens to Your Debts After You Die? Understanding how your debts are managed after your death is crucial for effective estate planning. In Episode 262 of the Ask Ralph Show, Ralph Estep Jr. addresses this significant concern, providing insigh…

Is life insurance taxable? In most cases, life insurance payouts are not taxable to the beneficiary, meaning they receive the death benefit tax-free. It's always good to be aware of any potential exceptions or nuances in tax law regarding life insu…

What are 8 common reasons for getting audited by the IRS? There are several factors that might trigger an IRS audit. Being aware of these triggers can help ensure accurate and compliant tax filing. Join Ralph Estep Jr. on the Ask Ralph Show as he a…

How do I prepare for an audit of my home office expenses? Many people worry that claiming a home office deduction could trigger an IRS audit. It's a common concern, especially with the strict guidelines around what qualifies as a legitimate deduction…

Where should you pull money from first in retirement to optimize your taxes?  In this episode of The Ask Ralph Show, host Ralph Estep, Jr. provides listeners with valuable strategies for minimizing taxes in retirement. From understanding the t…

I Just Got Married – Do You Have A Newlywed Tax Checklist For Me To Follow? When you get married, your tax situation can change in a few ways. Join Ralph Estep Jr. on this Tax Talk Thursday edition of the Ask Ralph Show as he discusses the va…

How Do I Reduce My Taxes When I Take Money from My 401K or Other Retirement Account? Are you about to retire and worried about the IRS shrinking your hard-earned 401k with taxes? You're not alone. This common concern often causes confusion and anxi…

What Is The Secure Act 2.0 And How Does This Affect My Retirement?  Are you feeling lost in the maze of retirement planning? Does the term "SECURE Act 2.0" sound like financial gibberish to you? Don't worry – you're not alone. Today, we …

Do You Ever Wonder Where a Chunk of Your Paycheck Goes? Do you ever look at your paycheck and wonder where a chunk of your hard-earned money is going? Those mysterious FICA taxes can be confusing. Today, we will dive into FICA taxes, where the mone…

How Do I Handle Taxes When I Work in Multiple States? Handling taxes when you work in multiple states can be quite complex and often confusing. The tax ramifications vary depending on the specific laws of each state, including how they treat income…