Most Recent Manage Money News

Itemized Deductions vs. Standard Deduction: Which Saves More?

Itemized Deductions vs. Standard Deduction: Which Saves More?

Key Takeaways  Standard vs. itemized deductions both reduce taxable income, but the standard deduction is a flat amount while itemizing...

  • 13
Can You Deduct IVF or Fertility Treatments? 

Can You Deduct IVF or Fertility Treatments? 

Key Takeaways  Fertility treatments, including IVF, ovulation induction, and related diagnostic procedures, can be deductible medical expenses if they are medically necessary...

  • 19
Taxes on Inherited Accounts | Optima Tax Relief

Taxes on Inherited Accounts | Optima Tax Relief

Key Takeaways:   Most inherited retirement accounts are taxable. Distributions from traditional IRAs and 401(k)s are taxed as ordinary income, while...

  • 30
IRS Phishing Emails: Real Examples and Warning Signs

IRS Phishing Emails: Real Examples and Warning Signs

Key Takeaways   IRS phishing emails are common and sophisticated, often impersonating the IRS to steal personal data, money, or login...

  • 36
Is Tax Relief Legit? How to Spot Real Help vs Scams 

Is Tax Relief Legit? How to Spot Real Help vs Scams 

Key Takeaways  IRS tax relief is legitimate. The IRS offers real programs, such as Offers in Compromise, installment agreements, penalty abatements, CNC status, and...

  • 43
Wage Garnishment on Student Loans: How it Works and How to Stop It

Wage Garnishment on Student Loans: How it Works and How to Stop It

Key Takeaways   Student loan wage garnishment happens after default, which typically occurs after 270 days of nonpayment on federal student loans.  The...

  • 45
2026 IRS Mileage Rates  | Optima Tax Relief

2026 IRS Mileage Rates  | Optima Tax Relief

Key Takeaways  The IRS mileage rate 2026 is 72.5¢ per mile for business, 20.5¢ per mile for medical and qualified...

  • 40
Seven Years Strong: Optima Tax Relief Continues Customer Service Winning Streak at Stevie® Awards

Seven Years Strong: Optima Tax Relief Continues Customer Service Winning Streak at Stevie® Awards

Customer-first approach earns continued recognition for service excellence  Optima Tax Relief, the nation’s leading tax resolution firm, has been honored...

  • 36
Tax Deductions for Therapists  | Optima Tax Relief

Tax Deductions for Therapists  | Optima Tax Relief

Key Takeaways  Understanding therapist tax deductions helps reduce taxable income and reinvest in your practice. Ordinary and necessary expenses, like...

  • 38
Schedule C Mistakes That Trigger IRS Audits  Optima Tax Relief

Schedule C Mistakes That Trigger IRS Audits  Optima Tax Relief

Key Takeaways   Schedule C returns face higher audit risk because income and deductions are self-reported, making even small errors easy...

  • 45