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Tax Tip #101: Contribute to retirement accounts
If you haven’t already funded your retirement account for 2018, do so by April 15, 2019. That’s the deadline for contributions to a traditional IRA, deductible or not, and to a Roth IRA. Making a deductible contribution will help you lower your tax bill this year. Plus, your contributions will compound tax-deferred. It’s hard to find a better deal. For more info on your IRA, Retirement Contribution contact your Burlington, Vermont 05406 CPA, Tax Preparation & Accounting Firm
211 likes | 88 shares | 54 leads
10 THINGS YOU WON’T BELIEVE ARE TAXED
Everyone knows the basics of taxes – you pay taxes on the money you earn, right? You might be surprised to know that the IRS also taxes things like lottery winnings and unemployment benefits. Check out our full list of 10 things you won’t believe are taxed! Powered by your CPA in North Carolina
150 likes | 12 shares | 30 leads
Are you running your own small business?
In most cases, you can deduct your insurance premiums for the year of coverage if they are directly related to your business. Examples of this are auto insurance, life insurance, malpractice insurance, and liability insurance. For more tax tips contact your dedicated Tax Preparer in Rockville, MD
230 likes | 36 shares | 112 leads
2019 Tax Tip #103 // Boost your 401(k)(s)
The new year marks a chance to boost the amount you save toward long-term financial goals like retirement. By using IRAs, 401(k)s, and other tax-favored retirement accounts, you can put yourself in a healthier financial condition and save on taxes to boot. Want More on 401k? we are your 401k / IRA Tax Accountant in New York, NY
129 likes | 11 shares | 46 leads
Did you have medical expenses in 2018?
For the 2017 and 2018 tax years, if you itemize your deductions, you can deduct qualifying medical expenses which exceed 7.5% of your adjusted gross income. Beginning January 1, 2019, all taxpayers may deduct only the amount qualified medical expenses that exceeds 10% of their adjusted gross income. For more tax tips on Medical Expenses, contact @ your own professional CPA Firm in Columbus, Ohio.
1289 likes | 398 shares | 567 leads
Are you looking for a tax deduction for business property?
With a new bill passed as part of recent tax reform the definition of qualified property has expanded to include qualified film, television, and live theatrical productions released after September 27, 2017. For more tax tips on Home office, contact your Wilmington, Delaware Tax Preparation Firm.
15 likes | 4 shares | 7 leads
Do you know the new limitations for itemized deductions
For tax year 2018 (the taxes you file in 2019), you may be able to deduct sales tax, state and local income tax, and/or property taxes capped at $10,000 ($5,000 for married filing separate) if you itemize deductions. Questions on Itemized Deductions? contact your Alexandria, VA Tax Preparation & Accounting Firm
23 likes | 8 shares | 12 leads