Some natural disasters are more common in the summer, but major events such as hurricanes, tornadoes and fires can strike at any time. It’s always a good idea to plan…

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…

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.…

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.…

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…

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…

In most cases, you can claim allowable expenses if you itemize on IRS Schedule A, Itemized Deductions. You can deduct the amount that is more than two percent of your…

If you’re age 70 1/2 or older, you can now take advantage of recent legislation allowing you to avoid paying income tax on IRA withdrawals transferred directly to a qualified…

If you are due a refund, there is no penalty if you file a late tax return. If you owe tax, and you failed to file and pay on time,…

Looking to save money on your taxes this year? It’s never too early to start planning ahead using these proven tax planning strategies. Max Out Your 401(k) or Contribute to…