Thinking About Moving to Another State in Retirement?
Many people dream of retiring to another state to take advantage of warm weather or to be close to loved ones. Before you call the moving truck, consider the impact of state and local taxes.
The Chances of IRS Audit are Down But are You Prepared?
An IRS audit may be nothing to lose sleep over. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest audit statistics, as well as some tips on how to survive an IRS examination.
Hire Your Children This Summer: Everyone Wins!
Are you a business owner with teenage or college-age children who constantly need money? Make them earn the money by hiring them. You can save taxes and reap other benefits.
Selling Your Home? Consider These Tax Implications.
Are you selling your principal residence? You may be able to exclude up to $250,000 ($500,000 for married joint filers) of gain. Here are the tax rules for home sales.
Check on Your Refund! And Find Out Why the IRS Might Not Send It
In most cases, refunds are routinely sent to taxpayers within a few weeks. However, there may be delays, or, in worst-case scenarios, refunds may be applied to debts owed to the federal or state governments.
Plug In Tax Savings for Electric Vehicles
Are you interested in joining the growing ranks of plug-in electric vehicle owners? Find out about the federal income tax credit you might be able to claim.
How Entrepreneurs Must Treat Expenses on Their Tax Returns
Starting a new business can be a hectic, exciting and expensive time. Be aware that not all start-up expenses can be deducted on your tax return right away. Some may have to be amortized over time.
3 Questions You May Have After Filing Your Tax Return
After filing a tax return, you may have questions…
Medicare Premiums Could Lower Your Tax Bill
If you’re covered by Medicare, you know it can be confusing. You may not know that, if you qualify, you can deduct the cost of premiums, along with other medical costs, on your tax return. But it can be tough to qualify.
Make a Deductible IRA Contribution for 2018. It’s Not Too Late!
Have you made your 2018 IRA contributions? It’s not too late just because it’s 2019. But you must act fast.