Tax Policies

Category: Tax Policies
FAQ #3: How Do I File An Amended Tax Return?

Having to file your taxes twice sounds like a nightmare from the Twilight Zone. Luckily, if you make a mistake or leave something out on your return, the IRS has made it as simple as possible with Form 1040X, the amended tax return. Before you start ...

FAQ #2: What Are Qualifying Education Expenses?

The competitive job market has driven many to go back to school to join the fleet of post-high schoolers. This fall, an estimated over 20 million students will attend college. To offset some of the growing cost of college, the IRS has made available ...

The Tax Benefits of Homeownership

Although renting is becoming the standard, especially in major cities (65% in some), homeownership comes with its perks no matter where you live. Read below to understand the many tax benefits of owning a home, whether you are already a homeowner or ...

6 Months Until Tax Season - Have You Made Your Checklist?

You might still be prospering from the tax refund you pocketed from filing in April, but looking towards next year now can help you reap more rewards. Go through this checklist to ensure you’re on track for a successful April 2017. Gather Documents...

Newly Wed? How to Approach Your Taxes Next Year

Getting married changes many things, including your financial situation. A joint account, home ownership, a shared budget, and countless other firsts can come into play. Many newly wed couples are curious about the best way to go about taxes. If youâ...

What You Need to Know About 401k Early Distributions and Taxes...Now

The government encourages all taxpayers to save for retirement, which is why there are taxes imposed for early withdrawals from your 401k. These taxes also come along to discourage using retirement money for anything other than what it was put away f...

BOOM! Retirement Advice for Baby Boomers

All baby boomers need retirement advice – just take a peek at these stats. Pew Research Center noted that baby boomers would be retiring at an average rate of 10,000 per day from 2011 through 2030. Many of these newly retired boomers will be re...

Small Businesses Rejoice! This Tax Tip is Golden

As a small business owner, you are no stranger to scouting out every tax deduction possible. But we’ve got a golden nugget of wisdom you (and other small businesses) probably haven’t heard of, or aren’t taking full advantage of. Ready for it? S...

Speak to a tax professional now!
Claim your Savings!