Income tax deductions are items that reduce your taxable income. But, there’s more to the story. It’s important to be aware that not all deductions are created equal.
Archives for November 2015
How to Estimate Your Tax Refund or Balance Due
This year, don’t let your tax results take you by surprise. Instead of spending time worrying about whether you are withholding enough income tax from your paycheck, take a few minutes to do something about it. Be proactive in your tax planning so you can feel confident you’re covered come tax season.
7 Ways Investment Gains and Losses Affect Your Taxes
If you have substantial investment gains or other income this year, make sure you know how they will affect your taxes, and be prepared to deal with them. If you have investment losses, on the other hand, you also need to know how your tax return may be impacted. You may want to change your […]
7 Tax Tips Military Members Need To Know
For members of the U.S. Armed Forces, there are undoubtedly a variety of unique financial challenges that come with the role. From serving overseas for extended periods of time and traveling for training to moving frequently and incurring the costs of uniform maintenance, the list of financial hurdles is quite long. Fortunately, the IRS has designed special […]
