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Resources & Insights
Explore expert articles, tax tips, and practical financial guidance from Todd W. Monahan, CPA. Discover valuable insights to help you make informed decisions for your personal finances and business throughout the year.
Latest Articles
Browse Todd's latest articles covering tax preparation, accounting, business consulting, retirement planning, and financial strategies.
Tax Filing Basics for First-Time Filers
Filing your first return can feel like a mix of a math test, a scavenger hunt, and a paperwork party.
Is LASIK or Vision Surgery Tax Deductible?
Thinking about vision correction surgery? Find out when LASIK and other vision procedures may qualify as deductible medical expenses.
Are Medical Travel Expenses Tax Deductible?
Medical travel expenses may be tax-deductible when they’re essential to receiving medical care.
Which Taxes Provide for Medical Benefits?
Payroll taxes fund both Medicare health coverage and Social Security cash benefits.
What Is Medical Pre-Tax?
Medical pre-tax refers to health-related deductions taken from your paycheck before income and payroll taxes are applied.
Are Health Benefits and Premiums Pre-Tax?
Pre-tax health premiums are deducted before taxes, lowering your taxable income and payroll taxes.
Medical Savings Accounts vs. Emergency Savings
Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) offer tax advantages that ordinary emergency savings do not.
Are Medical Insurance Premiums Tax Deductible?
Health insurance premiums are only deductible if paid with after-tax dollars.
Medical Expenses & Health Tax Deductions: 2026 Guide
Before you can claim a medical expense tax deduction, you need to know what the IRS actually considers a qualified medical expense.
First-Time Filer Tax Checklist: Everything You Need Before You File
Filing taxes for the first time? Don’t panic—you’ve got everything you need right here.
Tax Credits First-Time Filers Often Overlook
Many first-time taxpayers don’t realize that even with a small income, they may be eligible for refunds or credits.
