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Taxes Articles

36

Why Are Bonuses So Heavily Taxed?

By , December 19th, 2016

You’ve probably wondered why your bonuses are so heavily taxed. It’s all in the tax law. There are two methods to determine bonus withholding. One method is called the Percentage Method; the other is the Aggregate Method.  Which method is used to tax your bonus is determined at the state level. The Percentage Method The […]


1

Managing A Financial Windfall

By , August 25th, 2016

Financial windfalls are double edged swords.  One the one hand, you have a large sum of money. On the other, you can be placed into a situation you are not prepared to handle. Sales of real estate or businesses usually involve the conversion of an liquid asset into large amounts of ready cash – presenting […]


3

What are the Best Online Tax Services?

By , February 19th, 2016

Many people have begun to file their taxes for 2015 to get their returns early and some have already received refunds. However, everyone has until April 15 to file their taxes. So, if you are still waiting to file, you may already have a tax broker in mind or maybe you are looking for a […]


1

Most Retirees Need To Start Tax Preparation By Dec. 31

By , November 4th, 2015

The Internal Revenue Service (IRS) is reminding taxpayers born before July 1, 1945, that they must receive payments from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31. Required minimum distributions (RMDs) are payments that normally must be made by the end of 2015, however, a special rule allows first-year recipients of […]


2

What Do GOP Candidates Have To Say About Taxes?

By , October 30th, 2015

One of the most important topics presidential candidates talk about is taxes. People are always wondering what the candidate’s stance on tax reform, Social Security and Medicare is. During Wednesday night’s GOP debate, candidates seemed to have taken a variety of different stances on the big topic. Taxes are a complicated thing Political debates leading […]


1

SSA And IRS Announce Changes For 2016

By , October 29th, 2015

A month into the final quarter of the year, the Social Security Administration (SSA) and IRS have announced that there will be changes affecting your Social Security withholdings and 401(k) deferral for 2016. Social Security Wage Base Remains at $118,500 for 2016 The 2016 social security wage base will be $118,500, which is unchanged from […]


3

Tax Tricks For Homeowners

By , October 28th, 2015

Demographics changes, relocating and the recession have led to the buying and selling of many homes across the United States. Selling your home can be difficult, but many people pass up their opportunity to use what they make on the house in the best way possible. “They think the market still has upside so they […]


1

IRS Announces 2016 Retirement Plan Limitations; 401K Contribution Limit for 2016 Remains Unchanged at $18,000

By , October 25th, 2015

October is winding down, which should get you thinking about planning for next year’s budget. Tax planning is an important component of this. In fact the IRS recently announced information regarding changes in the 2016 limits for pension and 401K plan contributions. Since retirement contributions are a major part of many peoples budgets, the sooner […]


0

Money Management Skills Everyone Should Have

By , October 4th, 2015

Have you ever heard people talking about the skills you need in order to get a job? Or maybe you’ve seen lists of skills you should have in order to pursue a certain hobby. Well, having a certain set of skills in order to improve your finances is no different. While there are many skills […]


0

How to Check Tax Refund Status 2016

By , September 14th, 2015

Waiting for a tax refund can be frustrating… especially when you consider that the government has been holding onto the money interest-free. The sooner you get your refund, the sooner you can start putting the money to good use… but when will that refund come? Before e-file, estimating when your tax refund would arrive was […]


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