How to File a Tax Extension
equesting a federal tax extension may be a helpful step if you need more time to gather records or handle a complex financial situation. This process can help you move your filing deadline to October, though it is useful to remember that any taxes owed should still be estimated and paid by the original April due date to potentially minimize interest and penalties.
Defining Nontaxable Income and When It Need to Be Reported
From inheritances to employer-provided health insurance and even profits from selling your home, our Raleigh CPAs at Steward Ingram & Cooper PLLC are sharing common types of non taxable income so you can claim all you need to (and nothing you don’t) on your upcoming tax return.
Inherited IRAs: New Tax and Distribution Rules for 2026
Discover the updated inherited IRA tax rules and distribution requirements for 2026 with insights from Steward Ingram & Cooper, PLLC. Learn how withdrawals are taxed with practical examples, navigate the 10-year rule, and explore strategies to minimize your tax burden. Our Raleigh area CPAs are here to guide you through managing your inherited IRA.
Standard Deduction vs Itemized in North Carolina: Which Choice Lowers Your Tax Bill?
These 6 important factors, including home ownership, income bracket, state taxes heavily dictate whether you should claim deductions as standard or itemized. Learn how to decide with guidance from CPAs.
Charitable Contribution Limits: What Taxpayers Need to Know for 2026
The Charitable Contribution Limit plays a direct role in how charitable donations are deducted for 2026. This article reviews updated limits, donation types, and planning considerations taxpayers should understand before claiming charitable deductions.
North Carolina Income Tax Guide
Explore North Carolina income tax rules, deductions, credits, and filing tips. Learn how residents, part-year filers, and retirees can optimize their taxes.
How Seniors Can Benefit from the Social Security Tax Deduction
Discover how the social security tax deduction for seniors can help reduce taxable income and protect retirement funds. This comprehensive guide covers eligibility, income phaseouts, filing requirements, and practical examples for single and married taxpayers.
Understanding the No Tax on Tips Rule and Who Qualifies
Learn all about the No Tax on Tips Act including who is eligible to claim a deduction on the no tax on tips act, income limits, tax implications, and get an explanation by occupation.
Are Employee Gifts Tax Deductible?
When are holiday gifts for your employees considered tax-deductible? Our NC CPAs help plan for your holiday employee gift-giving and what types of gifts are tax deductible.
Are Tax Preparation Fees Deductible? A Comprehensive Guide
Join our Raleigh CPAs as they answer one of our asked questions, “When are tax preparation fees deductible?” From business to personal tax deductions, follow along as we uncover factors that affect tax preparation fees, common fee structures, and more.