IRS Identity Theft Season Begins Now
Each year thieves try to steal billions in federal withholdings by stealing your identity. As the IRS focuses more attention on this quickly growing problem, now is the time [...]
Are You a Contractor or Employee?
Knowing the difference is very important Are you an independent contractor or an employee? As the pandemic continues, many long-time employees are now picking up jobs as contractors. In [...]
Reminder: Fourth Quarter Estimated Taxes Now Due
Now is the time to make your estimated tax payment If you have not already done so, now is the time to review your tax situation and make an [...]
2021 Mileage Rates are Here!
New mileage rates announced by the IRS Mileage rates for travel are now set for 2021. The standard business mileage rate decreases by 1.5 cents to 56 cents per [...]
The New World of Charitable Deductions
Your charitable contribution deductions are still a great tax savings tool, This year, they require more planning to handle the changes from the Tax Cuts and Jobs Act (TCJA). [...]
If You’re Expecting a Refund, Read This
The end of tax season is approaching and if you’re getting a refund, here are four useful tips to know. The average refund is more than $2,000. About three-fourths [...]
Is Home Equity Loan Interest Still Deductible?
Last year's Tax Cuts and Jobs Act (TCJA) is confusing to many taxpayers when it comes to home equity loans. This act changed the rules on whether the interest [...]
Tax Act Tip: Change Your Roth Conversion Thinking
If you're considering converting a traditional IRA retirement account into a Roth IRA, be aware that the Tax Cuts and Jobs Act (TCJA) signed last year now limits your [...]
So You Sold Your Home, Now What?
Understanding the taxable gain exclusion on home sales If you're considering selling your home or have recently sold your home, there are possible tax consequences. The good news: much [...]
Put Your Tax Refund to Good Use
Three-fourths of filers get a tax refund every year, with the average check weighing in at $2,895. Here are some ideas to put that money to good use: #1: [...]