What Are Inheritance Taxes?

What Are Inheritance Taxes?

Inheritance taxes—sometimes confused with estate taxes—are taxes imposed on the transfer of property after someone passes away. These taxes are based on the value of the deceased person’s assets and can affect how much their heirs ultimately receive.At Walker Tax...
What Is a Tax Preparer—and What Do They Do?

What Is a Tax Preparer—and What Do They Do?

A tax preparer is someone who helps individuals and businesses complete and file their tax returns with the IRS or state tax agencies. Tax laws are complicated and always changing, and working with a professional can help make sure everything is done correctly—and...
What the “One Big Beautiful Bill Act” Means for Your Taxes

What the “One Big Beautiful Bill Act” Means for Your Taxes

On July 4, 2025, H.R. 1 – officially titled the “One Big Beautiful Bill Act” – was signed into law. This sweeping legislation makes permanent many of the provisions of the 2017 Tax Cuts and Jobs Act (TCJA), while introducing several new tax breaks aimed at workers,...
The Gig Economy and Taxes: What You Need to Know

The Gig Economy and Taxes: What You Need to Know

The gig economy—driven by freelancers, rideshare drivers, delivery app contractors, and remote consultants—is booming. While the flexibility and freedom can be great, it also brings important tax responsibilities that gig workers can’t afford to overlook.At Walker Tax...
The Tax Benefits of Contributing to a Retirement Account

The Tax Benefits of Contributing to a Retirement Account

Saving for retirement is one of the most important financial decisions you can make—and the tax code rewards you for doing it. Whether you’re just starting out or nearing retirement, contributing to a retirement account can offer powerful tax benefits that enhance...