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Tax Credit + Tax Deduction = Double Benefit for Retirement Savings
Q : I can get a tax credit in addition to a tax deduction for contributing to my IRA or 401(k)? That sounds too good to be true. A : Yes,...
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Tax Tips & Information
Get lots of money-saving tax tips and helpful information from our archive of professional articles and blogs. Got a tax question you need answered? Contact our experts. We're happy to help.
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Maximize Your Retirement Savings with Backdoor Roth Conversions
These days it's important to explore all avenues to maximize your retirement savings. One often-overlooked strategy is the Backdoor Roth...
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Child Tax Credit - Payback Time?
In some cases, you might be required to pay back some of the Child Tax Credit advance payments you received.
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Required Minimum Distributions (RMDs) Are Back
The CARES Act eliminated RMDs for 2020 but they're back for 2021. Read up on all the details and don't miss the December 31st deadline.
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Student Loan Forgiveness Rules Expanded - Do You Qualify?
Public service workers are having their student loans forgiven under the new waiver rules. Do you qualify?
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IRS Releases Higher 2022 Standard Deductions and Tax Brackets
The IRS has just released their annual inflation adjustments affecting the 2022 standard deduction amount, income tax brackets, and more.
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Increased Deduction For Charitable Donations 2021
Taxpayers who don't itemize in 2021 are still allowed up to a $600 deduction for charitable donations.
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A Quick Guide to IRS Online Accounts and Services
Confused about the different IRS online accounts, logins, portals, apps, and web tools? Here's what taxpayers need to know.
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Child Tax Credit - Advance Payments or Lump Sum?
The Child Tax Credit has increased substantially for 2021, but some taxpayers will need to update their information using the IRS portal.
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Harvesting Tax Losses in Cryptocurrency
With the recent declines in crypto, is it time to harvest some tax losses? Online portfolio trackers make the tax analysis easier.
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Which is Better for Child Care Expenses - Tax Credit or FSA?
For some taxpayers in 2021, reducing FSA contributions and taking more allowed child care tax credit will save money.
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Got a Gig? What every new Gig Economy worker needs to know
Gigs aren't just for musicians anymore. Now millions of folks are earning a living with side gigs.
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Home Office Deduction - Remember the good old days?
Remember the good old days when regular employees could deduct unreimbursed business expenses?
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