Uncategorized

Tax season — with its homeowner tax benefits — is one of the few times you may actually get some money out of your house instead of pouring money into it.  Owning a house in the US is expensive, especially with rapidly rising home prices over the past decade — the Case-Shiller US National Home Price […]

This year our best advice for faster tax return processing without encountering delays is as easy as our tips below. #1 – Verify your information is accurate. Check the accuracy of everything you enter on that tax return, not just once but two or three times before you hit that submit button (or mail it

Now that it’s the start of tax season, you may be asking if, as a Social Security beneficiary, you need to file a tax return this year. We’ll explain below. Your age, marital status and how much income you earn outside of Social Security benefits all have an impact on whether you need to submit a tax

To avoid a large or unexpected tax bill it is also a good idea to change your withholding when you experience a big life change such as marriage, divorce, birth of a child, getting a new or second job, starting a side business, or receiving any other income that isn’t subject to withholding. It’s important

The Inflation Reduction Act, which includes expanded or extended tax credits and additional funding for the IRS, was signed into law on August 16, 2022. How could the Inflation Reduction Act impact you when filing your next tax return? Below is a simplified summary of how the Inflation Reduction Act may affect you. Health Care

Tax season is quickly approaching. If you haven’t paid your estimated taxes for the year, it’s time to square up with the IRS.Paying estimated taxes four times a year is a smart move for those who work a side hustle, take on freelance jobs or own a business, since this income likely isn’t automatically withheld

The deadline to file your taxes this year is April 18, 2023. Geltrude & Company Founder Dan Geltrude says “it’s time to get moving.” Dan joined Yahoo Finance’s Live’s Brad Smith to discuss tax filing dilemmas, IRS changes and challenges, and the outlook for taxpayers, as part of the Yahoo Finance Ultimate Tax Guide series.

Here’s some basic information about individual filing season tax return due date(s), tax payment due date(s) and requesting a filing extension, if needed. Tax Return Filing due dates: April 18, 2022 – For most taxpayers, the tax-filing deadline is April 18, 2022. April 19, 2022 – For residents of Maine and Massachusetts only, the deadline

A health savings account is a tax-deferred account that was originally designed for healthcare expenses. However, when used properly, the account can become triple tax-free. For starters, contributions to an HSA are tax-deductible, even if you don’t itemize deductions. Next, earnings in the account grow tax-free. Finally, distributions are tax-free if they are used for