taxes

Should You Do Your Own Taxes?

[tp widget=”select2/tpw_select2.php”] By now, most of you should have received your 1099s or W2s from your employer to start your taxes. According to a recent survey, 49 percent of respondents said they would pay someone to do their taxes, 38 percent would do it themselves with tax preparation software, 10 percent would do it themselves […]
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IRAs For Retirement and Inheritance

An Individual Retirement Account (IRA) is a great way to save for retirement. An IRA also can be a great inheritance for your heirs – if done properly. One wrong move and you may owe a huge amount in taxes. The biggest benefit of an IRA is the tax benefits. All of the interest, dividends […]
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Last-Minute Tax Planning Tips, Part 3

The past two weeks we covered some last-minute tax planning tips on what to do before the end of the year. Here is the final article in the series. If you need free tax help and qualify, visit our other articles for more information, where you also will find top finance and tax apps for […]
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End-Of-Year Tax Planning Tips, Part 2

  Image courtesy of ddpavumba at FreeDigitalPhotos.net Last week we covered some last-minute tax planning tips to do before the end of the year. Click here to read Part I! Here are some more tips to keep more of your money! Accelerate Your Mortgage Payment. Unlike rent, which is paid in advance, mortgage payments are made […]
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End-Of-Year Tax Planning and Tips, Part 1

As the end of the year approaches, we are busy with holidays, family and travel, but this also is a good time to do some last-minute tax planning. With tax cuts expiring last year, taxes will go up for some people on their income and capital gains. In addition, several tax exemptions are being phased […]
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Important Tax Issues to Watch For in 2014

To avoid headaches and penalties, mark your calendar with the following key dates. January 15, 2014 4th Quarter 2013 Estimated Tax Payment Due. If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, get them postmarked by January 15, 2014. April 15, 2014:  2013 Individual Tax Returns Due Individual […]
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The Servicemembers Civil Relief Act

Compiled and Edited By David S. Chang The Servicemember’s Civil Relief Act (SCRA) expanded and improved the former Soldiers’ and Sailors’ Civil Relief Act (SSCRA). The SCRA provides a wide range of protections for individuals entering, called to active duty in the military, or deployed servicemembers. It is intended to postpone or suspend certain civil obligations […]
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Your Pet Expenses Might be Tax Deductible

Some of your pet’s expenses may be deductible if your pet generates business income. If you raise guide dogs for a charitable organization or you foster or rescue animals for an IRS-approved charity, their expenses may be deductible. To find out more about deductible expenses, speak with your tax professional or review IRS Publication 17, […]
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Real Estate Part 2: Buying A Home

Buying a house can be extremely exciting yet stressful at the same time. Here are some tips you need to know when buying a home. A good real estate agent will be able to help navigate you through this process, but it is good to understand as much as you can as well. Know how […]
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A Good Time For Tax Planning

As the end of 2012 approaches, we know you are busy with holidays, family, and travel, but it is also a good time to do some last minute tax planning. Currently, a significant number of tax breaks, collectively known as the Bush-era tax cuts, are due to expire on Dec. 31, meaning taxpayers could have […]
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