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Month: July 2025

Can I Claim the Sales Tax Deduction?

If you ever itemize your deductions, you might’ve come across the sales tax deduction. This is part of the broader State and Local Tax (SALT) deduction and allows you to deduct either state and local sales tax or income tax paid during […]

Optima Newsletter – July 2025

How the IRS Calculates Interest on Tax Debt Understanding how the IRS calculates interest on tax debt can help you avoid financial surprises and make better decisions if you owe money to the government. Unlike penalties, IRS interest compounds daily and is […]

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