Tax Strategies

The Latest

  • February 20, 2015

    Tax credits, available through the IRS, can bring you a substantial savings on your Federal income tax bill.

    A tax credit reduces your tax liability dollar-for-dollar. This means that a $500 tax...

  • February 12, 2015

    Are you looking for an expert to help you with your income tax return?

    When it comes to choosing a qualified tax preparer, it is important to know that there are different types of...

  • February 9, 2015

    There are 5 filing statuses listed on the Federal individual income tax return. Each year, you must indicate which filing status you are using.

    The filing status you choose affects the amount of your...

  • February 6, 2015

    Itemizing your deductions (as opposed to claiming the standard deduction) means that you may be able to deduct certain miscellaneous expenses on your income tax return.

    ...

  • February 2, 2015

    Beginning in 2014, the Individual Shared Responsibility provision of the Affordable Care Act takes effect. This means that each and every taxpayer (and family member) is now required to maintain basic health insurance, also called “...

  • January 30, 2015

    Spring has arrived and April 15 will be here before we know it, but many of us won’t be ready to file our tax returns in less than a month.

    Thankfully, the IRS allows taxpayers to request an extension of time to file, as long as the...

  • 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...

  • January 22, 2015

    When you are filing your 1040 tax return, right before you compute your final taxable income, you have the option to either claim...

  • January 19, 2015

    There are many reasons why you may need to obtain a copy of a past tax return. Perhaps you simply lost your copy or there is a pressing financial transaction on...