
Stuck in the Middle: The Sandwich Generation
The term “sandwich generation” was initially coined to describe baby boomers who were squeezed between raising children and caring for aging parents.
The term “sandwich generation” was initially coined to describe baby boomers who were squeezed between raising children and caring for aging parents.
If you own or manage a business with employees, you could be personally responsible for paying a harsh tax penalty. It’s called the Trust Fund Recovery Penalty (TFRP). It applies to the mishandling of Social Security and income taxes that must be withheld from employees’ wages.
Working from home isn’t new, especially for self-employed people. But during the height of the pandemic, millions of jobs were moved from employers’ premises to employees’ private homes.
Many taxpayers are unclear on the difference between deductions and credits. Both can be powerful tax-saving tools. Here’s how they each work.
As you work through your annual tax filing, you should familiarize yourself with amounts that may have changed for 2025 due to inflation adjustments.