Income Taxes

 

The Latest

  • July 29, 2015

    Many people believe that once they retire, they will pay less in taxes due to a lower income. While that may be true for some people, it is not always the case.

    Depending on what income you have coming in (e.g., from Social Security,...

  • July 28, 2015

    When tax time comes around, inevitably there are people who are not able to pay everything they owe.

    Although the IRS always prefers that you find a way to pay your taxes in full, circumstances can sometimes prevent that from happening. If...

  • July 27, 2015

    The U.S. government expects you to pay income taxes to the IRS each year. Most Americans have taxes withheld from their wages, which helps to avoid owing the IRS a large sum at the end of the year....

  • July 23, 2015

    Health Savings Accounts (HSAs) are designed to help individuals offset the health care costs associated with High Deductible Health Plans (HDHPs).

    An HSA is defined as “a tax-exempt trust or custodial account you set up with a qualified...

  • July 22, 2015

    If you owe more taxes than you can afford to pay right now, the IRS offers payment arrangement options. However, it is important to understand that regardless of your reason for paying taxes late, the IRS will charge interest and penalties for...