Aug 3, 2020 | Tax, Uncategorized
Taxable or Not Taxable? August 7, 2020 There are a number of areas in the tax code that cause confusion as to the taxability of money received. Here are some of the most common areas of confusion. Unemployment Compensation Unemployment compensation is...
Jul 30, 2020 | Tax, Uncategorized
New Tax Rules for 2020 August 3, 2020 Here are several new tax laws passed this year to consider as you start planning your 2020 tax obligation. Make Up to $300 of Charitable Contributions For the 2020 tax year only, an above-the-line deduction of $300...
Jun 30, 2020 | Tax, Uncategorized
What Everyone Should Know About Estate Taxes July 9, 2020 Most taxpayers ignore the federal estate tax, thinking they will never be touched by it. Unfortunately, you do this at your own peril. Why? Because states often have this tax AND politicians have a...
Jun 25, 2020 | Tax, Uncategorized
You May Owe a Tax Payment this Month July 1, 2020 You may owe the IRS a tax payment for your 2020 tax return and not know it. Most Americans have income taxes withheld from their paychecks, with their employer sending a tax payment to the IRS on your behalf....
May 29, 2020 | Tax, Uncategorized
Should I Pay My Tax Bill with a Credit Card? June 16, 2020 The IRS has contracted with a few credit card merchants to offer credit cards as a method of payment. Why not? Most of us are used to paying for merchandise from groceries to sweaters with our credit...
Apr 29, 2020 | Tax, Uncategorized
Key 2020 Coronavirus Tax Changes May 1, 2020 Early Distribution Penalty Waived The 10% early distribution penalty on up to $100,000 of retirement withdrawals for coronavirus-related reasons is waived during 2020. New tax rules allow tax liabilities on...
