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Contribute to Retirement Accounts
Unlike most other tax deductions, deductions for retirement account contributions can be taken for any funds you invest before April 15th. So, if you’re looking to reduce your tax liability and haven’t maxed out your retirement plan contributions for 2018, you ...
Unlike most other tax deductions, deductions for retirement account contributions can be taken for any funds you invest before April 15th. So, if you’re looking to reduce your tax liability and haven’t maxed out your retirement plan contributions for 2018, you ...
Based on Your Business’s Structure
The way your net loss is handled on your taxes is impacted by many factors, the first of them being your company’s legal structure. For the majority of business types, profits—and the losses—are passed on to the owners or partners in one way or another. For ex...
The way your net loss is handled on your taxes is impacted by many factors, the first of them being your company’s legal structure. For the majority of business types, profits—and the losses—are passed on to the owners or partners in one way or another. For ex...
What Is an IP PIN?
An IP PIN is an IRS-assigned identification number used to verify your identity when filing your tax return. IP PINs were initially used for victims of tax fraud to prove that their filed return was the correct one. However, in 2010, the IRS began using it as a preventative m...
An IP PIN is an IRS-assigned identification number used to verify your identity when filing your tax return. IP PINs were initially used for victims of tax fraud to prove that their filed return was the correct one. However, in 2010, the IRS began using it as a preventative m...
If you still haven’t filed your tax return, then now is the time to do it. While you technically have almost two full months to file your return without worrying about a late fee, there are several important benefits to filing your return earlier in the tax season. Here are just 5 of them.
If you still haven’t filed your tax return, then now is the time to do it. While you technically have almost two full months to file your return without worrying about a late fee, there are several important benefits to filing your return earlier in the tax season. Here are just 5 of them.
1. G...
Eliminating the Personal Exemption
Prior to 2018, tax filers could claim a personal exemption for themselves as well as any dependents they had. This personal exemption was worth $4,050. For individuals, eliminating this exemption doesn’t have a huge impact on their tax liability. But if you ha...
Prior to 2018, tax filers could claim a personal exemption for themselves as well as any dependents they had. This personal exemption was worth $4,050. For individuals, eliminating this exemption doesn’t have a huge impact on their tax liability. But if you ha...
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