Procrastination is easy, especially when it comes to summertime tax planning. Waiting to implement strategies to reduce your 2023 tax obligations could cost you money. Here are some suggestions to help jumpstart your midyear review: Safeguard your Deductions Ensure...
Tax Tips Articles
New Tax Rules for Retirement Accounts Can Save You Money
The SECURE Act 2.0, passed by Congress in late 2022, features numerous ways for you to save more money in your tax advantaged retirement accounts. Below are several of the bill’s provisions and what they mean for you. • Money can continue to grow tax deferred. If you...
Instructions on How to E-file a Federal and PA Tax Return
Both Pennsylvania and the federal government give individual taxpayers the option to file their taxes electronically, also known as E-filing. There are a few benefits to E-filing your tax returns, including: Faster because it is electronically transmitted directly to...
It’s Tax Time! Tips to Get Organized
It may be the beginning of a new year, but now is the time to recap the previous year for Uncle Sam. Here are some tips and a checklist to help get you organized. Watch for your tax forms.Forms W-2, 1099, and 1098 will start hitting your inbox or mailbox in the next...
TIPS FOR REDUCING YOUR 2022 FEDERAL TAX BILL
2022 Tax Tips for an Individual We are alwlays looking ahead to the new year, which means it's time to think about things you can do to reduce your 2022 federal tax bill. It looks like planning for income taxes may be a little simpler this year than in the past few...
It’s Time to Hire a CPA: What You Need to Do
Do you get anxious or stressed when tax time rolls around? If you have never worked with a Certified Public Accountant (CPA) for tax preparation, now may be the time to consider it. With the ever changing tax laws you may be missing out on important deductions....
The Home Gain Exclusion: Make Sure You Qualify!
Across the country, many homeowners are cashing out to multiples over list price, especially since one of the largest tax breaks available to most individuals is the ability to exclude up to $250,000 ($500,000 married) in capital gains on the sale of your personal...