House and Senate Tax Bill Comparison

Congress is currently debating the largest tax bill in the last 30 years. Both the House and Senate have passed their own versions of the bill. Differences must now be reconciled, with the final piece of legislation voted on by both chambers and signed by the...

Year-End Charity Donations May Cut Tax Bills

Those looking to maximize their tax savings before the end of the year may wish to consider charitable giving. Giving money or goods to a tax-exempt charity before Dec. 31 can usually be deducted on that year’s federal income tax return. Keep in mind the following:...

The Saver’s Credit

A special tax break can help people with qualifying incomes save for retirement. It’s called the Saver’s Credit and it could mean up to a 50 percent credit for the first $2,000 a taxpayer contributes to a retirement plan. Also known as the Retirement Savings...