Day: October 3, 2023

old gives taxpayers at all types of income levels a lower tax rate. This can lead to some nice savings, especially if you’re on the higher end of the income scale. Whether you’re a single parent or someone supporting other ...

Even just hearing the words “tax audit” can put people on edge. Completing your tax return can be complicated enough, and the idea of having it reexamined can make things even worse. But it’s important to know the facts. There ...

The majority of taxpayers have until April 15th of the following year to make contributions into their Individual Retirement Accounts (IRAs). So while that gives you a fair amount of time to plan—right up until you file your tax return—there ...

If you have your sights set on an early retirement, then a little extra planning can go a long way. Knowing how to leverage the tax code will work to supplement all of your other financial planning efforts. 7 Tax ...

The idea of being audited can evoke a lot of stress. So although it’s important to remember that most people will never be audited, you can also do yourself a favor by being prepared. The more you know about how ...

After your tax return is filed, you don’t really want to think about it again! But an audit can turn those plans upside down. To really set yourself up for success, you need to work with your tax preparer to ...

Sending out your completed tax return can definitely come with a big sense of relief. There’s nothing quite like knocking off a dreaded item on your to-do list. But it’s important to not rush the process, otherwise your return could ...

Homeowners need to be aware that there’s a significant tax break available to them with the sale of their personal residence. Yet that doesn’t mean you’ll be in the clear to avoid tax on those capital gains altogether. Having a ...

As tax season kicks off, it’s crucial to remain vigilant against the ever-present threat of identity theft. With the abundance of personal and financial information exchanged during this time, opportunistic cybercriminals are poised to exploit any vulnerabilities they can find. ...