The clock is ticking. Are feeling the pressure of the impending tax deadline? The IRS issues tips on filing an extension if you need more time to file: IRS Tax Tip 2013-52, April 10, 2013 “The April 15 tax-filing deadline is fast approaching. Some taxpayers may find
Read more →Remember you have until you file your tax return to make a contribution to a Traditional IRA or Roth IRA for the 2012 tax year. The annual contribution limit is $5,000 or $6,000 (if you are age 50 or over). Prior to making the contribution, if you
Read more →What is the difference between a Marginal Tax Rate and an Effective Tax rate? Who cares? You might if you add a second job and see some of your tax benefits disappear. Here is what you need to know. The tax code is filled with terms we
Read more →The IRS issues 7 facts about the Saver’s Credit IRS Tax Tip 2013-27, March 6, 2013 “Saving for your retirement can make you eligible for a tax credit worth up to $2,000. If you contribute to an employer-sponsored retirement plan, such as a 401(k) or to an
Read more →Need prior year tax info? Here’s a tip from the IRS on how to go about obtaining your prior year tax return information. IRS Tax Tip 2013-20, February 22, 2013 “The IRS offers several different ways to get tax return information or a copy of your
Read more →With the high price of gas, wouldn’t it be nice to see a tax benefit to help reduce the cost to get to and from work? Perhaps there is, you may just need to check with your employer. $3.40 to $4.00 per gallon gas prices are quickly
Read more →Do you have a home office? Are you interested in saving time filing keeping track of your expenses? A new safe-harbor rule effective in 2013 might just make tracking your home office expenses a lot easier. Outlined here are the new rules. Beginning in 2013 there is
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