How will the new tax bill affect you?
There’s a new tax plan in place and lots of things are changing. Personal exemptions are gone, many itemized deductions have been eliminated and the tax brackets were shifted. These changes will be in effect until at least 2025. Here’s what you need to know about...
Did you file a tax extension? The clock is ticking…
April 17th has come and gone but the tax season hasn’t ended for millions of people who requested a filing extension. October 15th is the extended deadline and the clock is ticking. Don’t let procrastination get the best of you. If you have all of your documents,...
Late filing and payment penalties
For most people April 17th was the deadline to file and pay your taxes. If you missed the filing deadline but are due a refund, you don’t have to worry about any late filing penalties. However, if you owe money and were unable to file or pay on time, you will be...
Top 7 tax tips for millennials
Doing your taxes as a millennial can be interesting to say the least. Instead of waiting around for the perfect job, you guys are the ones getting out there and starting your own businesses. Sometimes juggling multiple jobs at once. Plus, you’re paying off student...
Tax basics: Understanding your W-2
As soon as January hits, many employees begin counting down the days until they receive their W-2. It’s not the act of doing taxes that brings us joy, it’s the possibility of getting a big refund. While some people simply hand their W-2 over to an accountant, others...Still haven’t filed your taxes?
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