Tick Tock. Tax Reduction Ideas Still Available

As the end of the year approaches, there is still time to make moves to manage your tax liability. Here are some ideas to consider. Maximize your retirement plan contributions. This includes traditional IRAs, Roth IRAs, and SEP IRAs for self-employed. Given the contribution limits in 2017

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Want to Deduct an Event Ticket?

Want to Deduct an Event Ticket Things to Consider As an employee, can you ever deduct the cost of a sporting event or other ticket on your expense report? Surprisingly, the answer can be yes, but only if you know and abide by the rules. The Accountable

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Preview of Some Key 2017 Tax Figures

 Preview of Some Key 2017 Tax Figures While official numbers for 2017 are not yet released by the Internal Revenue Service (IRS), many figures are based on the Consumer Price Index (CPI) published by the Department of Labor. Using the release of recent CPI figures, a number

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In the News: The Student Tax Scam

In the News: The Student Tax Scam IMPORTANT: Please pass this information on to each of your children and any family with kids in school. Your best defense is awareness. With school just around the corner, the IRS has reminded us to pay attention to a new

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Charitable Donations from Your IRA

Charitable Donations from Your IRA  One of the temporary tax provisions made permanent as part of the tax code in late 2015 is qualified charitable distributions from IRAs for those who have reached age 70½. Unfortunately in 2014 and 2015, the law was extended too late during

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Tips to Make School Expenses Deductible

Tips to Make School Expenses Deductible It seems like summer has just begun and the Back-to-School advertising blitz has already started. Are there tax savings opportunities within this nightmare for our kids? Certainly, if you are tax smart about your spending. While the amounts may be small,

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