Tag Archive: IRS

Oct 11 2014

Tax Benefits

For millions of Americans, 2015 open enrollment for employer-provided benefits is right around the corner. While it may be tempting to simply opt for the same coverage you have this year, doing so could cost you hundreds – or thousands – of dollars in tax savings. Have I captured your attention? Find out if your …

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Permanent link to this article: http://www.easttexasreview.com/tax-benefits/

Sep 25 2014

Tax Benefits for Education

The price of higher education can be expensive for students and parents. The IRS offers these tips about education tax benefits that can help offset some college costs. Tax credits, deductions and savings plans can help taxpayers with their expenses for higher education. A tax credit reduces the amount of income tax you may have …

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Permanent link to this article: http://www.easttexasreview.com/tax-benefits-for-education/

Nov 23 2013

Understanding the ‘Kiddie Tax’

For something whose nickname sounds so innocent, the “kiddie tax” certainly can wreak havoc on unprepared taxpayers’ yearly returns. Congress first introduced the kiddie tax as part of the Tax Reform Act of 1986 to discourage wealthy parents from sheltering their investment income in accounts under their children’s names, thereby avoiding paying taxes on the …

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Permanent link to this article: http://www.easttexasreview.com/understanding-the-kiddie-tax-2/

Oct 09 2013

Lower income? Don’t pass up the saver’s credit

In 2002, Congress passed legislation to create an income tax credit designed to encourage lower- and middle-income people to save money for retirement. The saver’s credit, worth up to $1,000 a year for individuals ($2,000 for couples filing jointly), rewards people for contributing to an IRA or 401(k) plan. benefit from the saver’s credit are …

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Permanent link to this article: http://www.easttexasreview.com/lower-income-dont-pass-up-the-savers-credit/

Jul 24 2013

Lone Star State: Tax breaks for job hunters

Summertime is the season that often leads to major life decisions, such as buying a home, moving or a job change. If you are looking for a new job that is in the same line of work, you may be able to deduct some of your job hunting expenses on your federal income tax return. …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-tax-breaks-for-job-hunters/

May 06 2013

Escape tax surprises

Many taxpayers have more taxes withheld from their pay than necessary. You should try to have your income tax withholding match your actual tax liability, especially if you normally get a large refund and you would like more money in your paycheck. If not enough tax is withheld, you will owe tax at the end …

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Permanent link to this article: http://www.easttexasreview.com/escape-tax-surprises/

May 03 2013

Lone Star State: Charity Scams

It’s sad but true. Following major disasters and tragedies, scam artists impersonate charities to steal money or get private information from well-intentioned taxpayers. Fraudulent schemes involve solicitations by phone, social media, email or in-person. Scam artists use a variety of tactics. Some operate bogus charities that contact people by telephone to solicit money or financial …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-charity-scams/

Permanent link to this article: http://www.easttexasreview.com/transplanting-taxes-from-corporations-to-the-rest-of-us/

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