The contributions you make to your 401(k) plan can reduce your tax liability at the end of the year as well as your tax withholding each pay period. However, you don’t actually take a tax deduction on your income tax...
The article below is accurate for your 2018 taxes, the one that you file this year by the April 2019 tax deadline. It has been updated to reflect changes made by the Tax Cuts and Jobs Act of 2017. “Just...
The article below is accurate for your 2018 taxes (the one that you file this year by the April 2019 deadline). Tax season is in full swing and we want to make sure you keep your hard earned money by...
Student loans have become a tremendous burden for many young adults and parents today. With college costs skyrocketing and little hope to cover tuition without borrowing funds in some fashion, getting stuck with those student loan payments is almost certainly a...
Most people don’t think about taxes on their way to a racetrack or casino, but what might seem like nothing more than the chance to win some extra money actually carries significant tax implications. As is often the case, federal and state...
According to the Bureau of Labor Statistics, 7.5 million Americans had more than one job in 2016, and the number is increasing. Add in those who changed jobs, and you have quite a few people who find themselves with two or more...
As tax season is beginning, a common question from filers is, what is the capital gains tax? Well, to start, the IRS deems taxable income as one of two types: ordinary or capital gain. To help you determine where your...
Bonuses are an excellent way to motivate employees and reward top performers. However, bonuses can also quickly change one’s tax return and the amount of taxes initially withheld depending on the payout. Are bonuses treated as regular income or singled...
With the cost of education on the rise, you’ll be glad to know that education credits and deductions may help offset some of that cost. Whether you’re a student or parent of a student, with this calculator, you’ll be able...
You filed for a tax extension this past April 15th, and bought yourself a bit of time to get your final tax return into the IRS. The clock’s been ticking and the October 15th tax deadline is approaching. Hopefully, you’ve...
The contributions you make to your 401(k) plan can reduce your tax liability at the end of the year as well as your tax withholding each pay period. However, you don’t actually take a tax deduction on your income tax... 
