May 10
Employers: For Social Security, Medicare, and withheld income tax, file IRS Form 941 for the first quarter of 2019. This due date applies only if you deposited the tax for
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May 15
Employers: For Social Security, Medicare, withheld income tax, and non-payroll withholding, deposit the tax for payments in April if the monthly rule applies.
Three Questions You May Have After You File Your Return
Once your 2018 tax return has been successfully filed with the IRS, you still may have questions. Below are brief answers to three questions that we are frequently asked at
Using The Zero Percent Tax Rate
Generally, profits from selling assets such as securities and real estate held in taxable accounts are classed as long-term if the holding period was longer than one year. Tax rates
Seniors: Medicare Premiums Could Lower Your Tax Bill
Americans who are 65 and older qualify for basic Medicare insurance, and they may need to pay additional premiums to get the level of coverage they desire. The premiums can
The Standard Deduction’s Double Standard
The 2019 ‘tax season,’ during which most 2018 tax returns are prepared, will soon peak at the April 15 deadline. One key trend is that more people are taking the
Roth Solo 401(K)s for (Very) Small Businesses
The Tax Cuts and Jobs Act (TCJA) of 2017 was not officially focused on retirement planning, but it has had a major impact on the choice of retirement plans. After-tax
Make A Deductible IRA Contribution For 2018 – it is Not Too Late!
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional individual retirement account (IRA) contribution for
April 15
Individuals: File a 2018 income tax return and pay any tax due by April 15 (if you live in Maine or Massachusetts, the filing deadline is April 17). If you
Stretch Your College Student’s Spending Money with The Dependent Tax Credit
If you are the parent of a child who is age 17 to 23, and you pay all (or most) of their expenses, you may be surprised to learn you