Tax Strategies
IRAs and Your Taxes
Tax Information for Individual Retirement Arrangements (IRAs) Saving for your retirement through individual retirement accounts (IRAs) can have a significant impact on your taxes. IRAs…
IRS Tax Form W-4
Employee's Withholding Allowance Certificate The Federal income tax is a “pay-as-you-go” tax. This means that you are expected to make tax payments throughout the…
Tax Tips for Year-End Gifts to Charity
Get a Tax Break for Your Qualified Charitable Contributions Giving to charity has two major benefits: it helps those who receive it, and it…
The American Opportunity Tax Credit (AOTC)
Offset the Costs of Higher Education by Reducing Your Income Tax The American Opportunity Tax Credit (AOTC) was originally introduced for tax years 2009 and…
Married Filing Jointly
Tax Considerations for Newly Married Couples you’re getting married, taxes are probably the last thing you want to think about. However, it is still important…
How Are Social Security Benefits Taxed?
Do You Have to Pay Taxes on Your Social Security Income? One thing that many new retirees forget is that they may need to…
The Differences Between Taxable And Non-Taxable Income
Learn the Differences Between Taxable and Non-Taxable Income As many are still recovering from the Great Recession, the idea of having income (or even…
Gym Membership Tax Deduction
Sorry: General toning and fitness workouts are considered personal expenses by the IRS. An actor emailed me to ask if he could deduct his…
