Taxes: Education Credits and DeductionsCollege is a very expensive experience. Congress and the IRS have given us a few ways to offset education costs.
Taxes: Deductions & CreditsTax deductions lower your taxable income. Tax credits provide a dollar-for dollar reduction of your income tax liability.
Taxes: Opening The MailThe tax information has begun to arrive. Open those envelopes!
Tax Planning: Giving It Away
Tax Planning: Last Minute StuffEvery year around the third week of December Congress decides to tweak the tax code, and I would suggest that you watch for changes thru 2017.
Tax Planning: What Is On Your Tax Return?Review your tax situation now so you have some idea what tax bracket you will fall into this year and decide whether you want to do the long 1040 or the simpler and shorter form 1040EZ.
Tax Planning: The Self-EmployedIf you are self-employed your Schedule C is very important. There are some tax breaks worthy of spending some time on.
Tax Planning: Flexible Spending AccountsIf you are willing to spend some time, I can guarantee you some savings when you file your taxes next year.
Keller @ Large: Americans Agree--Too Many Tax Breaks For The RichTaxes are in the news once again, thanks to the disclosure that Donald Trump apparently took major advantage of a legal, commonly-exercised part of tax law that allows businesses to reduce or even eliminate their income-tax burden after they suffer losses.
Mass. Taxpayers Won't Get Small Cut In 2017Unlike the previous two years, Massachusetts taxpayers will not enjoy a small income tax cut in 2017.
Midyear Tax Planning: MiscellaneousMost everyone pays at least 10% on some of their income. As you make more money the tax increases.
Midyear Tax Planning: Retirement PlanJuly is a good time to take stock of your retirement accounts. The contribution limits for this year for a 401(k), a 403(b) and a 457 plan is $18,000.
Midyear Tax Planning: College GradsIf you just got a job, there is some tax planning you can do, even if you are just doing landscaping or waitressing until that marketing job comes through.
Midyear Tax Planning: The NewlywedsThose June weddings we talked about last month all have a tax consequence to them.
Midyear Tax Planning: Where To BeginJuly for most folks is all about sun and fun. But it is a good time to do some tax planning as well.