Tax Hoots

Quarterly Estimated Taxes for 2024

As more professionals leave W-2 employment to start their businesses or work as freelancers, understanding how to manage taxes becomes crucial. Between 2020 and 2023, the number of full-time freelancers

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HSA

IRS Releases 2025 HSA Contribution Limits 

On May 24, 2024, the Internal Revenue Service (IRS) announced new revenue procedures regarding Health Savings Accounts (HSA) contribution limits for 2025. Specifically, Revenue Procedure 2024-25 provides inflation-adjusted limits for

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How to File an Amended Tax Return

Taxpayers sometimes need to correct errors or make changes to their tax returns after they have been filed. Whether it is a simple mistake or a significant omission, the IRS provides a

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Navigating Taxes When Flipping Houses

Flipping houses can be a lucrative investment strategy, but it’s essential to understand the taxes involved. Here’s a comprehensive guide to help you navigate the tax landscape when flipping houses

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