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Information form irs.gov If you don’t have taxes withheld or you don’t have enough tax withheld, you may need to make estimated tax payments ( If you are self-employed you [...]

Yes, the federal income tax filing deadline is slightly later than usual this year — April 18 — but it’s now nearly upon us. So, if you haven’t filed your return [...]

Information from irs.gov There are specific tax rules that may apply to some children who receive investment income. The rules may affect the amount of tax and how to report the [...]

Starting a new business is an exciting time. But before you even open the doors, you generally have to spend a lot of money. You may have to train workers [...]

The IRS offers the following facts when it comet to deducting charitable donations. If you gave money or goods to a charity in 2015, you may be able to claim [...]

Information provided by irs.gov When you sell a capital asset, the sale normally results in a capital gain or loss. A capital asset includes most property you own for personal [...]

If you suffer damage to your home or personal property, you may be able to deduct these “casualty” losses on your federal income tax return. A casualty is a sudden, [...]

If your 2015 tax liability is higher than you’d hoped and you’re ready to transfer some assets to your loved ones, now may be the time to get started. Giving [...]

If you lost your job, you may qualify for unemployment benefits. These benefits may be taxable. Facts about unemployment compensation: Unemployment is taxable and you need to include all unemployment [...]

 Information from irs.gov You may have the need to take money early from your IRA or retirement plan. This can trigger an additional tax on top of the income tax you may [...]

Information courtesy of irs.gov Specific home improvements will help cut taxes while you save money on your home energy bills. Non-Business Energy Property Credit  Part of this credit is worth [...]

Tax-advantaged retirement plans allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. But annual contributions are limited by tax law, and any unused limit [...]

Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. Two valuable credits are especially for small businesses that offer certain employee benefits. Can you claim one — or both — [...]

Information from irs.gov Medical expense deduction: This can be a helpful deduction if you have a high-deductible health insurance and a big-time medical event in one year. You can deduct [...]