December 11, 2017
During the month of December, consider these year-end tax tips that could save you money when April 15th comes around.1) Give to Charity
If you plan on a itemizing your deductions, you can reduce your tax liability with an end-of-year...
October 23, 2015
If you owe back taxes, the IRS may place a tax levy on your property and/or assets. A tax levy is defined as “a legal seizure of your property to satisfy a tax debt.”
Keep in mind that a tax levy is...
October 20, 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,...
September 2, 2015
The Alternative Minimum Tax (AMT) is basically an income tax system that runs parallel to the regular income tax. For taxpayers with higher incomes, be...
January 27, 2015
Saving for your retirement through individual retirement accounts (IRAs) can have a significant impact on your taxes. IRAs are designed to give people incentive to save for their retirement, potentially offering greater tax benefits over other...
September 5, 2014
Are you trying to determine whether or not all of your income is taxable? While the IRS considers most types of income to be fully taxable, there are certain instances where your income may not be subject to tax.