Information from IRS.gov Several factors that could affect potential refunds or taxes you may owe in 2018. Reviewing the amount of taxes withheld can help avoid having too much or [...]
Now that Affordable Care Act (ACA) repeal and replacement efforts appear to have collapsed, at least for the time being, it’s a good time for a refresher on the tax [...]
In the quest to reduce your tax bill, year end planning can only go so far. Tax-saving strategies take time to implement, so review your options now. Here are three [...]
Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it will be signed into law this [...]
Now that we’ve hit midsummer, if you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax consequences: If [...]
Information provided by the IRS If you suffer damage to your home or personal property, you may be able to deduct the loss incurred on your federal income tax return. And [...]
Information provided by the IRS The IRS offers tax tips for teen taxpayers with a summer job: Withholding and Estimated Tax. Students and teenage employees normally have taxes withheld from [...]
You may be tempted to forget all about taxes during summertime, when “the livin’ is easy,” as the Gershwin song goes. But if you start your tax planning now, you [...]
Some people think you can always deduct moving expenses on your federal income tax return. Not true. However, you can deduct some moving expenses if you meet the applicable eligibility [...]
Many people itemize deductions on Schedule A of their tax returns, rather than taking the standard deduction. Your tax preparer will generally advise you to do so if your allowable [...]
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be [...]
Do you provide car rides through a mobile app, rent out your spare room using an online platform or repair computers for local businesses on demand? If so, you may [...]
The tax consequences of the sale of an investment, as well as your net return, can be affected by a variety of factors. You’re probably focused on factors such as [...]
All charitable donations aren’t created equal — some provide larger deductions than others. And it isn’t necessarily just how much or even what you donate that matters. How the charity [...]
Information from IRS.gov Medical expenses can lower taxes. It is important to keep good records and know what to deduct. Here are some tips to know what qualifies as medical and [...]