Year End Tax Projections and Planning Can Save You Dollars

With the end of the 2016 calendar year quickly approaching, reviewing your specific tax situation may be tax-wise to help reduce your income taxes as well as possible underpayment of tax penalties. Year-end planning techniques to reduce your taxable income or increase...

IRS Announces Few Increases to Retirement Plan Limits for 2017

Most working professionals have access to a 401(k) plan or a 403(b) plan at work.? Amounts contributed to these plans generally reduce your taxable earnings and always grow tax deferred.? Like 2016, you can again contribute up to $18,000 into a 401(k) or 403(b) plan...

Trump’s Tax Plan

Here are the major points of Trump’s Tax Plan that will impact your personal taxes: Decreased Tax Brackets and Rates: Trump’s tax plan calls to reduce the number of tax brackets from the current 7 brackets (10%. 15%, 25%, 33%, 35% & 39.6%) to just 3...

Checklist to Cut Your 2016 Taxes

It’s not too late to cut your 2016 tax bill.? Prior to Dec. 31st: Increase your 401(k) and 403(b) contributions if you haven’t been contributing at the maximum rate all year. This year you can put away up to $18,000 ($24,000 if 50 or older) into your...

IRS Identity Protection PIN

An Identity Protection PIN is a 6-digit number that the IRS assigns to taxpayers each year to help verify his/her identity and protect against identity theft. If you?ve been a victim of identity theft and have notified the IRS of your ID Theft, you must include this...