About Riley Adams, CPA

Under Internal Revenue Service (IRS) rules, taxpayers with active student loans are entitled to special deductions. These deductions apply to the interest paid on the loan in a given year. They help borrowers reduce the lifetime cost of their student loans by putting hundreds of dollars back into their pockets. However, the rules and the […]

Inflation has been in the news a lot recently. The first months of 2021 saw inflation hit its highest rate since the financial crisis of 2008. Consumer prices shot up by an annualized rate of 5% in May 2021. That was followed closely on the heels of a 4.2% surge the previous month. Obviously, the […]

Ah yes, the complicated and annoying 401(k) rollover. It’s yet another aspect of modern adulthood that our parents (and grandparents) generally didn’t have to deal with. It can be a hassle to figure out the tax consequences surrounding 401k retirement accounts — especially when changing jobs. However, it’s definitely an important task, and one that […]

Tax credits reduce your tax bill on a dollar-for-dollar basis. However, deductions are what lower your taxable income. The good news is that some home improvements can make your living space better and reap you benefits on your taxes too. There are multiple tax deductible home improvements you can undertake. That new bedroom might just […]

When you’re ready to buy a house, a mortgage pre-approval is a smart step to take. Whether it’s your very first house or just your next one, mortgage pre-approval will ease your stress and save you a bunch of time. After going through the pre-approval process, you’ll have a much clearer idea about your overall […]

Here’s the good news: There are many tax deductions you can (and should) take if you’re looking for small business savings come April. The (not really that bad) bad news? We mean it when we say “many.” Which is great, in most ways — if there’s an expense you need help offsetting, there’s probably some sort of […]

When you’re planning a wedding, the last thing you want to be thinking about are taxes. That said, after the honeymoon, it’s a good idea to start thinking about them. That’s because a lot can change when you go from filing as a single person to a married couple. Those who aren’t accountants likely believe […]

Two of the most popular investment vehicles are mutual funds and exchange traded funds. For many people though, these two investments tend to blur together. There is a lot of confusion among amateur investors between the two. How are they the same? How are they different? Does one have more benefit than the other? Most […]