Unfounded Myths About Professional Tax Filing

Unfounded Myths About Professional Tax Filing

Each tax filing season brings about a discussion on the merits of retaining the services of professionals. Unfortunately, there are a few misconceptions about the process of letting a professional tax preparation service handle your filing. Before we take a look at...
Retirement Plans That Provide Good Tax Benefits

Retirement Plans That Provide Good Tax Benefits

An individual retirement account (IRA) is a type of tax-deferred account that is ideal for earning non-taxable money and saving for retirement. The following are the most popular IRAs that provide favorable tax benefits. 401(k) Plan: A 401(k) plan is provided by an...
How to Prepare for the 2020 Tax Season

How to Prepare for the 2020 Tax Season

As the year winds down, the time to prepare to file taxes draws closer. The 2019 tax season is not extremely different from last year’s, but there are a few changes taxpayers should be aware of. For many, the Tax Cuts and Jobs Act of 2017 is still difficult to...
Top Ten Tax Deductions You Didn’t Know About

Top Ten Tax Deductions You Didn’t Know About

Taxpayers may be missing out on deductions, which significantly reduce their tax bills or even earn them money if they don’t know about these ten deductions.   Self-Employment Social Security- If you’re self-employed, you can deduct half of the 15.3%...