Archive for June 2016
Tax Tips for Deducting Losses from a Disaster
If you suffer damage to your home or personal property, you may be able to deduct the losses you incur on your federal income tax return. Here are 10 tax tips…
Read MoreWhat is the Additional Medicare Tax?
Some taxpayers may be required to pay an Additional Medicare Tax if their income exceeds certain limits. Here are some things that you should know about this tax: Tax rate.…
Read MoreWhat to do if you get a Letter from the IRS
Each year, the IRS mails millions of notices and letters to taxpayers for a variety of reasons. If you receive correspondence from the IRS here’s what to do: Don’t panic.…
Read MoreTax Tips for Students with a Summer Job
Is your child a student with a summer job? Here’s what you should know about the income your child earns over the summer. Everyone fills out a Form W-4, Employee’s…
Read MoreA Name Change Could Affect Your Taxes
Did you know that a name change could impact your taxes? Here’s what you need to know: Report name changes. Did you get married and are now using your new…
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