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What Is the US Retirement Age Timeline for Colorado Springs Retirees?
Quick Answer: The official US Full Retirement Age is 67 for anyone born in 1960 or later, but true retirement is an 11-to-13-year financial timeline...
Supporting Colorado Springs Charities? How 2026 OBBBA Charitable Giving Contributions Work
Quick Answer: Effective for the 2026 tax year, the One Big Beautiful Bill Act (OBBBA) establishes a new universal deduction allowing non-itemizers...
Calculating Crypto Taxes Simplified For Colorado Springs Investors
Quick Answer: Crypto taxes are calculated by subtracting your cost basis from your gross proceeds for each taxable sale, swap, or purchase made...
How the Secure 2.0 Act Changes Beneficiary IRS Tax Rules For Your Colorado Springs Heirs
Quick Answer: Under the SECURE 2.0 beneficiary IRA tax rules, most non-spouse heirs must fully liquidate an inherited IRA within 10 years, with...
Who Can Claim the American Opportunity Tax Credit? Guidance for Colorado Springs Parents
Quick Answer: The American Opportunity Tax Credit (AOTC) must be claimed by whoever legally lists the student as a dependent on their federal...
Do You Get Better Tax Breaks For Being Married, Colorado Springs Couples?
Key TakeawaysMost married couples lower their tax liability by choosing the Married Filing Jointly status, which preserves access to deductions that...
2026 Guide to Short-Term Rental Taxes for Colorado Springs Airbnb & VRBO Hosts
Key TakeawaysYou do not have to pay federal income tax on rental earnings if you rent your home for 14 days or fewer per year and use it personally...
Do You Have to Pay Taxes On Sports Betting? What Colorado Springs Bettors Need To Know
Key TakeawaysThe IRS considers all sports betting payouts as ordinary income, regardless of the amount or whether you received a tax form. For...
The Colorado Springs Taxpayer’s Guide: How Do I Calculate My Federal Tax Withholding?
Key TakeawaysA large refund is an interest-free loan to the government, while a big bill suggests you are at risk for IRS underpayment...