Edge Financial Blog
Learn about top tax savings strategies, upcoming IRS code changes, and more, all to help you save on your taxes and come out ahead.
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As we usher in 2025, it’s the perfect time to reassess your tax strategies and ensure you’re on track for a financially healthy year. Here are five actionable steps to help you tackle your tax concerns: 1. Stay Informed on Tax Law Changes...
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A new calendar year means many things to many people. Such as a fresh start on life, a chance to streamline daily routines, or a renewed commitment to goals and relationships. It’s also a time for making, keeping and sometimes breaking New Year...
Hit with an underpayment penalty or trying to continue avoiding one? These fees come from the IRS when you haven’t properly estimated how much tax you were going to owe to the IRS for a particular tax year. Those that do not have taxes withheld by ...
The question that every person asks when assessing their financial future: Traditional IRA or Roth IRA? A summarized answer is easy, but a deep dive comparison will solidify your choice. In general, if you believe your tax rate will be higher at reti...
For serving in the US military, Uncle Sam kindly rewards troops and servicepeople. He offers both tax breaks and tax deductions not available to civilians. Taking advantage at least some, if not all, will bolster your financial standing. This applies...
Fortunately, the answer is not forever. The statute of limitations on federal tax debt is 10 years. This means the IRS must cease trying to collect your debt 10 years after filing your return or being audited. However, it’s not quite this simple. U...
If you haven’t noticed, Bitcoin and other virtual currencies have landed on the scene. And with its current performance in the stock market, it seems with good footing. With these new investments come many questions – importantly, how does th...
2017 is almost over, and we hope you’ve been saving your receipts for tax reason. While you organize and prepare all of your files, there are a few ways you can boost your deductions and credits, and therefore your refund. You have plenty of time t...
When it comes to your finances, a little help can go a long way. This tax season, you might want to hire a tax professional. They can help you navigate the complexities of your financial situation. This will include the many tax rules that apply to y...
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