Aug. 2019

Tax credits and deductions can mean more money in a taxpayer’s pocket. Most people only think about this when they file their tax return. However, thinking about it now can help make filing easier next year. Taxpayers should be prepared to claim tax credits and...

July 2019

With this year’s average tax refund around $2,700, the Internal Revenue Service reminds taxpayers they have options to control the amount of their take-home pay and the size of their tax refund by adjusting their tax withholding. A Paycheck Checkup using the IRS...

June 2019

Small business owners may qualify for a home office deduction that will help them save money on their taxes, and benefit their bottom line. Taxpayers can take this deduction if they use a portion of their home exclusively, and on a regular basis, for any of the...

May 2019

While the federal income tax-filing deadline has passed for most people, there are some taxpayers who have not yet filed their tax returns. The Internal Revenue Service encourages them to file now, even if they can’t pay to avoid potential penalties and interest....

Apr. 2019

Now that you’ve filed, do you need to tell your employer to withhold more or less income to pay your 2019 taxes? Was your refund lower than expected, or did you have an unexpected tax bill when you filed this year? You can take steps today to make sure your federal...

Mar. 2019

As the 2019 tax filing season gets into full swing, the Internal Revenue Service reminds taxpayers who owe of the many easy payment options. The IRS anticipates that most taxpayers will be affected by major tax law changes. While most will get a tax refund, others may...

Feb. 2019

Deductions Personal exemption deductions for yourself, your spouse, or your dependents have been eliminated beginning after December 31, 2017, and before January 1, 2026. For 2018, the standard deduction amount has nearly doubled for all filers. Withholding Due to the...

Jan. 2019

Tax reform affects if and how taxpayers itemize their deductions Tax reform that affects both individuals and businesses was enacted in December 2017. It’s commonly referred to as the Tax Cuts and Jobs Act, TCJA or simply tax reform. In addition to nearly doubling...

Dec. 2018

There are steps you can take now to make sure your tax filing experience goes smoothly next year. Taking these steps will also help you avoid surprises when you file next year. Check withholding – do a Paycheck Checkup soon Since employees typically only have one or...

Nov. 2018

The different filing statuses Taxpayers don’t typically think about their filing status until they file their taxes. However, a taxpayer’s status could change during the year, so it’s always a good time for a taxpayer to learn about the different filing statuses...