It may be obvious to everyday taxpayers that they must report their wages, but few likely realize the feds also expect a cut of their profits from more under-the-radar ways of accruing income.
The IRS made annual inflation adjustments for dozens of tax provisions, including the federal income tax brackets for 2023, which may affect next year’s taxes, experts say.
Many financial experts are warning that refunds will be smaller. You may even find yourself owing money instead of getting some back. There are mulltiple reasons you may not get a refund this year. For six common reasons some people could owe money to the IRS, CLICK ON THE HEADLINE
It’s already the second week of October so you may want to consider some tactical year-end tax moves to save money. CLICK ON THE HEADLINE FOR MORE
With sound investment strategies that focus on tax optimization, here are a few ways to help yourself at Uncle Sam’s expense. CLICK ON THE HEADLINE FOR MORE
The CARES Act includes provisions for things like retirement savings and charitable giving, and this Spring could be a good time to review your portfolio. CLICK ON THE HEADLINE FOR MORE
Looking back in the past year for any chances of deductions? A principal tax research analyst gives some advice on what to expect. CLICK ON THE HEADLINE FOR MORE
Here are a few tax-planning and tax-saving strategies to consider before December 31 to potentially help reduce your tax burden (or maybe even get you a larger refund in 2021), CLICK ON THE HEADLINE FOR MORE
There are all-too-common investment mistakes that are easily avoidable. If you’ve gotten tripped up, like so many other investors have, here’s how to fix the problem before it’s too late. CLICK ON THE HEADLINE FOR MORE
Wouldn’t it be nice to have a kinder, gentler IRS? Well, guess what…Congress just passed a bill that would reform the IRS and make it a little more taxpayer-friendly. It’s called the Taxpayer First Act, and it’s now on President Trump’s desk. CLICK ON THE HEADLINE FOR MORE