While tax season may be a time of dread for some, it is welcomed with open arms for those expecting a tax refund check. For some people, their tax refund will be the largest check they see this year; especially those who rely on Social Security disability payments to...
Finding Real Life Solutions To Your Tax Problem
Month: January 2017
Reducing taxable income by earning nontaxable income
As we have noted in prior posts, January is the beginning of tax season. The IRS recently announced that the season has officially began since it will now be accepting tax returns. With the season beginning, many taxpayers will be seeking advice on how to reduce their...
Tax tips that newlyweds should pay attention to
There’s a reason that there are so many bridal shows at the beginning of the year. Retailers know that many couples get engaged during the holiday season; so future brides seeking to get married in the summer are already looking for wedding dresses. For those...
Personal events that may have tax implications this year
The great thing about January (and the beginning of a new year) is the optimism that people share. Optimism helps people take calculated risks and try to better themselves for the future. This is also the time of year when some people plan significant life events...
Tips for making charitable donations
In our last post, we highlighted a few of the new tax wrinkles that will apply during this year’s tax season. Even with those changes, the goal for many taxpayers is still the same: to reduce their taxable income as far as legally possible so that they can limit...
Changes expected for this year’s tax season
For most people, the holiday season is officially over. This means it’s time to take down the tree, take Christmas cards off the mantle and face the reality of overspending. It also means that tax season is poised to begin. For some people it means that a refund...