How will the new tax bill affect you?
The new tax law, The Tax Cuts and Jobs Act, may make a significant impact on the tax you owe or the refund you’ll receive. Personal exemptions are gone, many itemized deductions have been eliminated and tax rates were lowered. If a new law is not written and...
More taxpayers will owe the IRS next year
Get your checkbook ready, there’s a good chance you’ll owe the IRS in April. A new report by the Government Accountability Office revealed that many employers are withholding too little under the new tax law. So, while you’re enjoying a fatter paycheck now, you may...
Now is a good time to plan for next year’s taxes
Not too many people want to hear another peep about taxes once April’s over. But there’s a good reason to get a jump start on planning for next year. Many of the tax rules have changed and some money-saving maneuvers that have worked in the past, may no longer help...
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...File your taxes today!
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