Stimulus Checks
Stimulus Checks Let me start out this week by saying we all hope that you, your family, your friends, and your co-workers all stay safe and healthy in these unprecedented times. We all hope and pray that our leaders continue…
Stimulus Checks Let me start out this week by saying we all hope that you, your family, your friends, and your co-workers all stay safe and healthy in these unprecedented times. We all hope and pray that our leaders continue…
SELF‐EMPLOYED I bet you can guess the one question I get asked the most – “How can I save on my taxes?” Well, maybe not the most asked but certainly one of the most frequently asked, especially at tax time….
SECURE Act I am going to take a pause from taxes this week and talk about saving for retirement and the changes that might impact you because of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which was…
I DON’T WANT AN AUDIT If you have ever received one of those envelopes with a return address of Internal Revenue Service, your heart probably sank, thinking why are they contacting me? When you open the letter, you’re typically being…
ADJUST YOUR WITHHOLDING If you were like a lot of taxpayers last year, you were surprised when you filed your tax return because you didn’t get that refund you expected, you owed with your 2018 return. In many cases, your…
That’s Taxable? I must admit that it can be an uncomfortable conversation when a tax professional must explain that something the client believes is not subject to income tax in fact is taxable. It’s more uncomfortable though if that conversation…
COMMON TAX MISTAKES As we start tax filing season 2020 I thought it might be a good idea to go over some mistakes that are easy to make when filing your return. All won’t apply to you but one might…
Above The Line Last week I talked about some common mistakes, and I mentioned that the Standard Deduction was essentially doubled with the passage of the tax bill of 2017. For single taxpayers the Standard Deduction is $12,200 and $24,400…
TAX PAYMENTS I think it’s safe to say these are unprecedented times, and there has been talk as I write this (and there may have been changes by the time you read this), but eventually if you owe additional tax…
Changes to Retirement Plan Rules You’re probably aware that your employer is putting most of the burden of saving for retirement on you, the employee. Years ago, many employers provided their employees with a pension, which is a retirement plan…
Recent legislation makes changes to popular retirement savings plans like IRAs and 401(k)s. Here are the major changes and how you can benefit from the new rules. You now have until age 72 before you MUST take withdrawals from your…