Recent Blog Posts

April 18th, 2018 Newsletter

Apr 18, 2018 Owe the IRS? Top tax payment questions Owing $500 or $1,000 for your federal income taxes is one thing. But what if you owe far more than that — and there’s absolutely no chance that you can pay the amount you owe by the tax deadline? Fortunately, …

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April 11th, 2018 Newsletter

Apr 11, 2018 When It’s Safe to Shred Your Tax Records Many records are no longer needed three years after filing your tax return, but you may have to keep documents involving the purchase of a house or investments for years longer. Now that I’ve filed my income tax return, …

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April 4th, 2018 Newsletter

Apr 4, 2018 How to file for an extension on your 2017 taxes Maybe you haven’t started your taxes because you’re waiting on a missing W-2 form or a late 1099. Or maybe you’re just procrastinating. It’s okay. If you need more time to file your taxes, the government isn’t …

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March 28th, 2018 Newsletter

Mar 28, 2018 Are 401(k) contributions tax deductible? A. All contributions to qualified retirement plans such as 401(k)s reduce taxable income, which lowers the total taxes owed. For 2018, the annual limit is $18,500, except for people who are 50 or older. They can contribute an … Investopedia Need a Vacation? …

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March 21st, 2018 Newsletter

Mar 21, 2018 State and local taxes: the highest and lowest overall rates Taxpayers in states like California and Connecticut certainly have a lot to complain about when it comes to their tax bill, yet residents of Illinois are shouldering a bigger burden. With the Tax Cuts and Jobs Act, …

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March 14th, 2018 Newsletter

Mar 14, 2018 Taxes From A To Z (2018): B Is For Bonus It’s my annual “Taxes from A to Z” series! If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss, you won’t want to miss a single letter. B is for …

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Newsletter March 7th, 2018

Mar 7, 2018 How much tax to withhold? New calculator to help figure it Millions of Americans are now getting bigger paychecks as a result of the new tax law. So the government is issuing an online calculator for figuring whether enough money is being set aside. The calculator unveiled Wednesday … …

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February 28th, 2018 Newsletter

Feb 28, 2018 These 3 ticking tax time bombs could destroy your retirement Smart savers work hard to keep the taxman at bay as long as possible. But there’s only so much you can do to put off having to pay some taxes. Eventually, the IRS wants its cut — …

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February 21st, 2018 Newsletter

Feb 21, 2018 10 Red Flags That Could Trigger a Tax Audit in 2018 Less than 1% of tax returns get audited by the IRS, but this percentage varies significantly depending on several factors. There are several “red flags” that the IRS looks for that can make it far more …

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February 14th, 2018 Newsletter

Feb 14, 2018 What Do You Know About the New Tax Brackets? A hallmark of the new tax law signed by President Trump just before Christmas is the new structure for tax rates and tax brackets that took effect January 1. The latest tax overhaul is the most significant in more …

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