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Fifteen Things A ‘Snowbird’ Can Do To Be Taxed As A ‘Florida Resident’

November 25, 2019

If your summer state challenges your residency status, here are 15 things you can do to show that you are a Florida resident. CLICK ON THE HEADLINE FOR MORE

What Are The 2020 Tax Brackets?

November 18, 2019

Although there's still a while to go before tax season gets started, the IRS has already released the 2020 income tax brackets that will apply to next year's income. CLICK ON THE HEADLINE TO VIEW THE VARIOUS FILING STATUS BRACKETS

4 Important Tax Items Every Retiree Should Know About

September 16, 2019

Many people think that when they get to retirement, they’ll be in a lower tax bracket. But retirement can be confusing and trickier. To reduce stress and make that hard-earned retirement more enjoyable, CLICK ON THE HEADLINE FOR FOUR FUNDAMENTAL AREAS TO KNOW

Should It Stay Or Go? Clearing Out Financial Paperwork

May 20, 2019

Paperwork is one of the easiest areas to let a mess build and one of the more challenging categories to tackle. For some expert help on sorting through it all, CLICK ON THE HEADLINE FOR MORE

IRS To Release New W-4: What To Expect

May 13, 2019

The IRS is expected to release a new W-4 form for use in 2020. According to an IRS source, the agency held a payroll call on May 2 where it reiterated plans to have that draft available for comment by May 31. CLICK ON THE HEADLINE FOR MORE

Angry About Your Tax Refund This Year? You’re Not Alone

April 15, 2019

The tax refund story kicked off with miserable headlines based on early returns back in February. Although things don't look nearly as dire since then, tax refunds basically look flat after sweeping tax cuts. So what gives? CLICK ON THE HEADLINE FOR MORE

Recent Posts

New FAFSA Rules Opened Up A ‘Grandparent Loophole’ That Boosts 529 PlansApril 29, 2024 - 9:35 pm
Beginning with the new 2024-25 FAFSA launched late last year, a student’s total income is only based on data from federal income tax returns. That means any cash support, no matter the source, won’t negatively affect financial aid eligibility. And though it’s called the “grandparent loophole,” any nonparent, including friends and relatives, can use it.
When To Worry If Your Tax Refund Is DelayedApril 22, 2024 - 6:55 pm
The IRS used some of its $80 billion in funding from the Inflation Reduction Act to hire thousands of new employees and improve its automated systems, which reduced the backlog significantly. But some returns can still take a while to process. If you’re still waiting for your tax refund, there is some information you need to know.
Can’t Pay Or File Your Taxes By April 15? Here’s What Happens If You Missed Monday’s DeadlineApril 15, 2024 - 9:35 pm
Failing to file on time when you still owe taxes will subject you to a failure-to-file penalty, which is based on how late your return is and the amount of your unpaid tax . You will also be hit with a failure-to-pay penalty. The good news is you still have time to rectify those situations before you’re penalized.
Four Must-Dos Before Tax Season Wraps UpApril 8, 2024 - 8:39 pm
It’s gratifying to close the books on tax season. But before you do, there are just few things you might want to take care of while you’re still on the tax zone.
Don’t Like Your 2024 Tax Refund? Here’s An Easy Way To Get A Bigger One Next YearApril 1, 2024 - 8:58 pm
It’s fairly simple to make your tax refund bigger or smaller each year: It takes just a few minutes, once you have the paperwork in hand. The IRS even bakes the process into one simple step on its tax forms.
How To Reduce Capital Gains Taxes And Save MoneyMarch 26, 2024 - 1:04 am
There are various tactics and techniques investors can employ to reduce their capital gains taxes effectively. From tax-loss harvesting to utilizing retirement accounts and charitable giving strategies, actionable methods can help save money and optimize tax outcomes.
Student Loan Forgiveness Email Scams: How To Detect It And Avoid It?March 18, 2024 - 9:07 pm
From suspicious calls to deceptive emails and text messages, student loan forgiveness scams can come in various forms. There are ways, however, you can identify and avoid these scams along with steps to take if you believe you’ve been targeted.
Answers To 15 Common Tax QuestionsMarch 11, 2024 - 9:11 pm
This is the time of the year people are searching for free tax help they can trust, trying to squeeze out more valuable deductions, hoping to avoid penalties or audits, eagerly awaiting their refunds or wanting to make sure they aren’t victims of tax scams. Read on for answers to the most common tax questions.