Six Most Overlooked Tax Deductions

Six Most Overlooked Tax Deductions

Who among us wants to pay the IRS more taxes than we have to?1While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible. Let’s take a quick look at the six most overlooked opportunities to manage...
You May Need to Make Estimated Tax Payments If…

You May Need to Make Estimated Tax Payments If…

You may have to make estimated tax payments if you earn income that is not subject to withholding, such as income from self-employment, interest, dividends, alimony, rent, realized investment gains, prizes, and awards.You also may have to pay estimated taxes if your...
Tax Rules When Selling Your Home

Tax Rules When Selling Your Home

How the gains from the sale of a primary residence are taxed has changed in recent years. If you have recently sold your home, or are considering doing so, you may want to be aware of these new rules.Home SaleIf you owned and lived in your home for two of the last...
Filing Final Tax Returns for the Deceased

Filing Final Tax Returns for the Deceased

When a family member passes away, there are many decisions that need to be made and many emotions to handle. The last thing anyone thinks about is taxes.Unfortunately, even the deceased can’t escape taxation. If the departed family member earned taxable income during...
The Facts About Income Tax

The Facts About Income Tax

Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.  

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