by Dan Sirak | Dec 1, 2017 | Taxes
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...
by Dan Sirak | Dec 1, 2017 | Taxes
The IRS has not yet announced a date that it will begin accepting individual tax returns for the 2018 tax filing season. The IRS anticipates it will not be at a point to announce a filing season start date until closer to the end of the year. Speculation on the...
by Dan Sirak | Dec 1, 2017 | Taxes
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:...
by Dan Sirak | Dec 1, 2017 | Taxes
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...
by Dan Sirak | Dec 1, 2017 | Taxes
The Protecting Americans from Tax Hikes (PATH) Act includes a requirement for employers to file their copies of Form W-2 and Form W-3 with the Social Security Administration by Jan. 31. The Jan. 31 deadline also applies to certain Forms 1099-MISC filed with IRS to...
by Dan Sirak | Sep 1, 2017 | Taxes
The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two tax credits available to those who pay higher education costs for themselves, a...
