Mark Your Calendars – Congress Enacts New Due Dates For Taxes

On July 31 Preseident Obama signed the short-term mass transit and highway funding extension bill into law, which continues to provide funding for transportation projects. Additionally, Congress included in the bill a number of changes to tax return due dates, tax extension lengths and statutes … [Read more...]

Make the Most Out of Your Tax Refund

  A tax refund is not a bonus, but people often treat it that way. In reality, your tax refund is a reimbursement from the government for withholding too much of your income. The average federal tax refund this year will exceed $3,000. Before making a reservation at the nicest restaurant … [Read more...]

Tax Changes in 2015: Stay Up-to-Date!

  Each year U.S. tax codes undergo various changes. Staying on top of these changes can help save you more money and avoid hassles and headaches come Tax Day. Here are two major tax changes in 2015 that you'll want to know when you prepare:   Retirement Savings Tax Changes in … [Read more...]

Find a Tax Deduction for Your Charitable Donations

If you’ve recently moved and donated your belongings, given money to a charity, or traveled to volunteer your time, you may be able to claim a tax deduction. Donating to a great cause is, of course, a good deed in itself, but that doesn’t mean you can’t reward yourself with a tax benefit. These are … [Read more...]

Tax Deductions for Working Parents

For families, balancing work and home life can be a difficult task, especially when parents are working. Therefore, it’s important to take advantage of some tax deductions and credits that the IRS can offer to help offset your costs. We're here to help you out. Consider these tax deductions and … [Read more...]

Who Pays Estate Taxes?

According to the IRS, estate tax is a tax on your right to transfer property at your death. The tax is determined by calculating the fair market value of everything you own or have certain interests in at the date of death. The total of all these items is referred to as “Gross Estate,” which … [Read more...]