Category Archives: Tax Tips

Did You Know… The New Health Care Law

It’s always a good idea to prepare early to file your federal income tax return. Certain provisions of the Affordable Care Act – also known as Obamacare – will affect your federal income tax return when you file this year. … Continue reading

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Did you know… You may be able to deduct your moving expenses

If you move because of your job, you may be able to deduct the cost of the move on your tax return. You may be able to deduct your costs if you move to start a new job or to … Continue reading

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Missed the Income Tax Deadline?

If you’ve missed the deadline to file your 2011 income tax return, the IRS has some advice… Don’t panic but file as soon as possible. If you owe money the quicker you file your return, the less penalties and interest … Continue reading

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Did you know… You have options for your tax balance due

Each year, many people find that they are short on funds and can’t pay the balance due on their tax return. This can be an alarming and stressful realization. If you find yourself in this situation, here are some things … Continue reading

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Did you know… Tax credits may help you pay for higher education costs

Two federal tax credits may help you offset the costs of higher education for yourself or your dependents. These are the American Opportunity Credit and the Lifetime Learning Credit. To qualify for either credit, you must pay post secondary tuition … Continue reading

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Did you know… Canceled mortgage debt may be tax free

Canceled debt is normally taxable to you, but there are exceptions. One of those exceptions is available to homeowners whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012. We would like you to know these 10 … Continue reading

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Did you know… Here are four tax credits that can boost your refund

A tax credit is a dollar-for-dollar reduction of taxes owed. Some tax credits are refundable meaning if you are eligible and claim one, you can get the rest of it in the form of a tax refund even after your … Continue reading

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Did you know… Your tax return can be completed even faster by following these simple steps

Here are 2 easy things YOU can do to simplify your tax return process and make it a better experience for you.  1. Get organized. Now that we are into the month of March, it’s a good time to finalize … Continue reading

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Did you know… Early distribution from retirement plans may have a tax impact

Taxpayers may sometimes find themselves in situations when they need to withdraw money from their retirement plan early. What they may not realize is that that transaction may mean a tax impact when they file their return. Here are 10 … Continue reading

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Did you know… You may be able to deduct major medical expenses on your 2011 tax return

If you, your spouse, or your dependents had significant medical or dental costs in 2011, you may be able to deduct those expenses when you file your tax return. Here are eight things the IRS wants you to know about … Continue reading

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