Details on the Tax Deadline Extension

The I.R.S. is giving you three additional months to file and pay. The Internal Revenue Service knows that many taxpayers have had a stressful spring. So, it has reset the federal tax deadline. You now have until July 15 to file your 1040 form. July 15 is also the...

Tax Considerations for Retirees

Are you aware of these potential tax breaks and tax-saving opportunities? The federal government offers some major tax breaks for older Americans Some of these perks deserve more publicity than they receive.   At age 65, the Internal Revenue Service gives you a larger...

New I.R.S. Contribution Limits

Changes for 2020  The I.R.S. just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes. Next year, you can put up to $6,000 in any type of IRA. The limit is $7,000 if you...

End-of-the-Year Money Moves

Here are some things you might consider before saying goodbye to 2019. What has changed for you in 2019? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes occurred in your personal or professional life, then you...

Overlooked Tax Deductions for Small-Business Owners

Helpful tips for tax time Being a small-business owner isn’t easy. After all, balancing payroll, managing employees, drawing up marketing plans, and handling the bookkeeping can be stressful! Luckily, the Internal Revenue Service (I.R.S.) allows small-business owners...