Paying Taxes Wisely: Smart Moves For Withdrawals
Here are two ways to possibly reduce taxes in retirement while extending the life of your nest egg by being smart about which accounts you tap first.
Still Haven’t Filed? No Problem!
Well, we’re really done to the last month before Tax Day and for a few of you, you are still playing Hamlet about filing. Don’t make it harder than it has to be! I know, in the back of your mind, you keep thinking “I’ve got to get this stuff to (firm name)” but life…
Losing your deduction for fire loss and much more!
Thank you to TaxMama for this update.”..One major 2018 issue that really needs to change is the loss of the deduction for casualty and theft losses. For instance, if you have a fire in your home, or if someone steals your identity and wipes out your bank accounts, or you fall for a Ponzi scheme…
2018 Tax Season begins January 29
The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The IRS will begin accepting tax returns on Jan. 29, with nearly 155 million individual tax returns expected to be filed in 2018.…
W-2 AND a 1099? Here’s What To Know!
Happy New Year! As we recover from the collective hangover that was 2017 and look forward to 2018, a lot of new contractors began working in 2017. With the advent of Uber, UpWork, Fiverr and Lyft, contractors are everywhere and the chances for taxation missteps are, too. If you sought to fill in some income…