3 Strategies You Can Use To Pay Off An Unexpected Tax Bill
Each year, the majority of people who file a tax return wind up with some amount of money back from the IRS. But what if you’re in the minority of folks who end up underpaying their taxes and therefore owe the IRS money? Such has been the case for a significant number of filers this […]... Read More
Made A Mistake On Your Tax Return? Here are 15 Things You Need To Know.
People assume that work for tax professionals tapers off after April 15th but for many, the pace actually picks up. This is often the time when the tough questions begin. And chief among them: What happens if you discover a mistake on your tax return? Here’s what you need to know: 1. The Interna... Read More
How To Maximize Your Charitable Giving Deduction
With tax season behind us, it’s time to reflect on some noticeable changes from the new tax laws. Because so many people were moved to a standard deduction, a much lower percentage of people actually received a tax break for their charitable contributions. Of course, giving should be first abo... Read More
Can’t Pay Your Tax Bill? Here 5 Things You Can Do.
Ready to file your federal tax return? If you know that you can’t pay up by Tax Day, April 15, file anyway. Penalties apply for failure to file and failure to pay. To reduce the hit to your wallet, file your return even if you’re going to owe and even if you know that you […]... Read More
Does being in a higher tax bracket mean I take home less money?
Many people think that when their income increases by just enough to push them into a higher tax bracket, their overall take-home pay, or net pay, will decrease. This assumption is incorrect. The United States has a marginal tax rate system, when an increase in income pushes you into a higher tax br... Read More