Recent Blog Posts

September 18th, 2019 Newsletter

The difference between a tax rate and a tax bracket Tax brackets refer to the table created when matching filing statuses with their corresponding tax rates. There are three components of a tax bracket: filing status, tax rate, and income range. Tax rates are shown … Investopedia 4 Important Tax Items …

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September 11th, 2019 Newsletter

Little-Known Tax Breaks That Could Save You Big Dollars The Tax Cuts and Jobs Act of 2017 gives us a lot to think about when crafting a financial framework. With the legislation scheduled to run through 2025, you want to be aware of certain provisions and exceptions in the … Finance …

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September 4th, 2019 Newsletter

7 Above-the-Line Tax Deductions Tax filers might assume that tax deductions are reserved for those filers who itemize on their tax returns. But if you take the standard deduction, don’t feel left out. Taxpayers can take certain deductions, called above-the … US News Tax Strategies for Your Retirement Income When you …

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August 28th, 2019 Newsletter

What You Need to Know About Capital Gains Taxes If you own property, a business or investments, you are sure to run into the term capital gains, especially when you are figuring out your taxes—and the basic definition is pretty simple. It’s the difference between what … Bottom Line, Inc Are …

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August 21st, 2019 Newsletter

How and When to File an Amended Tax Return It’s well past April 15. So, unless you applied for an extension, the stress and frustration of filing your federal tax return should be a distant memory by now. But what if you suddenly realize there’s a mistake on your return … …

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August 14th, 2019 Newsletter

Tax-Free Savings and Other Places to Save Tax-Free  Most savings accounts – and similar places to park your cash, such as money market funds – require that you pay taxes on the interest that you earn. A few types of savings accounts and other financial instruments are exceptions … Investopedia Shrinking …

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August 7th, 2019 Newsletter

6 Ways the IRS Can Seize Your Tax Refund  If you are still waiting for your federal income tax refund this year, here’s one reason it might be delayed: the government could have seized it. The same federal agency that normally issues tax refunds, the U.S. Treasury … Investopedia Extended Tax …

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July 24th, 2019 Newsletter

Top Strategies to Protect Your Income from Taxes  You get your paycheck and see the nice big “gross” income number on top of the pay stub. Scroll down a bit and you’ll notice that the “net” or actual amount that is deposited into your checking account is significantly smaller … Investopedia …

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July 17th, 2019 Newsletter

10 tax tips for college grads Most college majors don’t get students ready for handling taxes – and as they start new jobs, face a rapidly changing economy, and bear up under massive amounts of student loan debt, today’s college graduates can’t afford  … Accounting Today Countries Without Income Taxes …

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July 10th, 2019 Newsletter

Retirement Account Withdrawals Affect on Tax Brackets  Can withdrawals from retirement accounts affect which tax bracket you fall in? Whether income from retirement account withdrawals can push you into a higher tax bracket depends entirely on the type of account. Any income you … Investopedia Are Credit Card Rewards Taxable Income?  …

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