Back-to-School Tax Breaks on the Books
Tax Breaks on School Books Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any event, parents may…
Will You Have to Pay Tax on Your Social Security Benefits?
Social Security Benefits and Your Taxes If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will…
After you file your tax return: 3 issues to consider
Tax return filed? Now consider these thing The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your…
What qualifies as a “coronavirus-related distribution”?
What qualifies as a “coronavirus-related distribution” from a retirement plan? As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain…
Covid Questions? Here are Some Answers.
Do you have tax questions related to COVID-19? The COVID-19 pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now. My employer closed…
Health Savings Account: IRS Releases 2021 Amounts
Health Savings Accounts for 2021 Recently the IRS released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). Health Savings Account Basics A HSA is a trust created or organized…
IRA Deductible Contribution There’s Still Time
Have You Made an IRA Contribution Yet Do you want to save more in your IRA for retirement on a tax-favored basis? If so, and if you qualify, you can…
Gift Tax Return Deadline – What to do now.
The 2019 gift tax return deadline is coming up If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required…
Tax Identity Theft – Why You Should File Early
Tax Identity Theft Keeping You Awake? Help protect your personal information by filing your 2019 tax return early. Prevent tax identity theft. The IRS announced it is opening the 2019…
Tax Breaks for Businesses and Employers
New law provides a variety of tax breaks to businesses and employers While you were celebrating the holidays, you may not have noticed that Congress passed a law. With a…