Mar. 2020

Child tax credit by the numbers Taxpayers may be able to claim the child tax credit if they have a qualifying child under the age of 17. Part of this credit can be refundable, so it may give a taxpayer a refund even if they don’t owe any tax. The taxpayer’s qualifying...

Feb. 2020

Contribute to retirement accounts If you haven’t already funded your retirement account for 2019, do so by April 15, 2020. That’s the deadline for contributions to a traditional IRA, deductible or not, and to a Roth IRA. If you have a Keogh or SEP and you get a filing...

Jan. 2020

A small business owner often wears many different hats. They might have to wear their boss hat one day, and the employee hat the next. When tax season comes around, it might be their tax hat. They may think of doing their taxes as just another item to quickly cross...

Dec. 2019

There are steps you can take now to make sure your tax filing experience goes smoothly next year! Check your withholding and make any adjustments soon Since most employees typically only have a few pay dates left this year, checking their withholding soon is...

Nov. 2019

With school back in session, parents and students should look into tax credits that can help with the cost of higher education. They do this by reducing the amount of tax someone owes on their tax return. If the credit reduces tax to less than zero, the taxpayer may...

Oct. 2019

The impact of tax reform is still playing out. A few more changes are in store for your next tax return — in addition to the usual inflation adjustments. We’re already nearly two-third of the way through tax year 2019 — the one for which your return is due by April...