Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might Continue reading What Income is Taxable
Did you know that there are still some alternative energy incentives available to homeowners?
It’s possible to trim your tax bill and save on your energy bills with certain home improvements? Here are some Continue reading Alternative Energy Incentives
Given current economic conditions, you may be faced with tax questions surrounding a job loss and unemployment tax consequences. Here are some answers:
Q: What if I received unemployment Continue reading Unemployment Tax Consequences
Are you one of the millions of Americans who hasn’t filed (or even started) your taxes yet and simply extended? With the April 18 tax filing Continue reading Last Minute Filing Tips for 2015
Employers – Social Security, Medicare, and withheld income tax. File form 941 for the first quarter of 2016. Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the Continue reading May 2016 Tax Calendar
The Affordable Care Act contains two provisions that may affect your tax return this year: the individual shared responsibility provision and the premium tax credit. Here’s what you Continue reading ACA Facts for Individuals and Family
It’s important to use the right filing status when you file your tax return because the filing status you choose can affect the amount of tax you owe for the year. It may even determine if you must file a tax return. Keep in mind Continue reading Tax Filing Status and Exemptions
Confused about which credits and deductions you can claim on your 2015 tax return? You’re not alone. Here are six often overlooked personal tax breaks that you won’t want Continue reading Overlooked Personal Tax Breaks
If you haven’t contributed funds to an Individual Retirement Arrangement (IRA) for tax year 2015, or if you’ve put in less than the maximum allowed, you still have time to do so. Continue reading Make an IRA Contribution Now!
Employees who work for tips – If you received $20 or more in tips during March, report them to your employer. You can Continue reading April 2016 Tax Calendar
