Tax help

IRS 2023 Tax Tables, Deductions, & Exemptions

IRS 2023 Tax Tables, Deductions, & Exemptions

The IRS has announced the 2022 income tax tables and other adjustments for inflation. Plan ahead to lower your 2022 income taxes and lower lifetime taxes through multi-decade tax planning impacting Roth conversion strategies, the sale of major assets, passing down family businesses, or dealing with Required Minimum Distributions.

IRS 2022 Tax Tables, Deductions, & Exemptions

IRS 2022 Tax Tables, Deductions, & Exemptions

The IRS has announced the 2022 income tax tables and other adjustments for inflation. Plan ahead to lower your 2022 income taxes and lower lifetime taxes through multi-decade tax planning impacting Roth conversion strategies, the sale of major assets, passing down family businesses, or dealing with Required Minimum Distributions.

IRS 2021 Tax Tables, Deductions, & Exemptions

IRS 2021 Tax Tables, Deductions, & Exemptions

The IRS has announced the 2021 income tax tables and other adjustments for inflation. Plan ahead to lower your 2021 income taxes and lower lifetime taxes through multi-decade tax planning impacting Roth conversion strategies, the sale of major assets, passing down family businesses, or dealing with Required Minimum Distributions.

IRS 2020 Tax Tables, Deductions, & Exemptions

IRS 2020 Tax Tables, Deductions, & Exemptions

The IRS has announced the 2020 income tax tables and other adjustments for inflation. Plan ahead to lower your 2020 income taxes and lower lifetime taxes through multi-decade tax planning impacting Roth conversion strategies, the sale of major assets, passing down family businesses, or dealing with Required Minimum Distributions.

Choosing a Tax Filing Status

Choosing a Tax Filing Status

The key difference between the Married Filing Separately verses the Filing Single status is if you are legally married on the last day of the tax year (December 31st for most people). No other day during the year matters for . . . .

Itemized Deductions - Meet the Walking Dead

Itemized Deductions - Meet the Walking Dead

Don't assume this year's taxes and tax deductions will be similar to last year's taxes. The tax reform bill, which passed in December 2017, gutted most of the deductions and maimed many of the rest. Just like characters in . . . .

Plan to Hit Bigger Tax Deductions Next Year

Plan to Hit Bigger Tax Deductions Next Year

Financially savvy people know the best time to start on next year’s taxes is the beginning of this year. Your tax return is a historical document about what happened last year, so there is very little you can plan and change. Next year, however, hasn’t happened giving you control over the tax planning environment.

Why File Income Taxes Early If You Aren’t Getting a Refund

Why File Income Taxes Early If You Aren’t Getting a Refund

Waiting until April to do your taxes could cost you more than you think. Submitting your taxes early isn’t just for those expecting a big refund. Advantages of early filing include easier money management if you owe additional taxes, opportunities for greater deductions, and reducing the risk of identity theft and fraud.

Tax Reform: New 2018 Tax Tables, Deductions, & Exemptions

Tax Reform: New 2018 Tax Tables, Deductions, & Exemptions

After lots of argument and fighting, the Tax Cuts and Jobs Act has been passed. Whether you like the tax reform bill or hate it, the reality is we have a new tax code for the foreseeable future. Here are key components of the new tax code which impact most taxpayers.

Stop Overpaying Your Taxes

Stop Overpaying Your Taxes

Your goal in filing your taxes should not be to get to a big tax refund so you can use the money all year long. You can use your tax return to help you estimate next year's taxes and withhold only what you need to pay your taxes. Withholding less will increase your take home pay each pay period. 

Maximize Your Tax Deductions

Maximize Your Tax Deductions

Your tax planning options are based on understanding and substantiating the expenses which may qualify for a tax deduction. Keeping records and documents of any expenses related to the categories in this article will help your tax preparer to maximize your deductions each year.

Four Questions to Ask Before Donating Property to Charity

Four Questions to Ask Before Donating Property to Charity

The benefits of giving to others are many, including health, happiness, and tax deductions. The complexities of the tax code, however, can cause unhappy surprises for those who donate without proper planning. Make sure you understand the answers to these questions before donating any property, including cars, personal items, stocks, or real estate.