2020 Tax Saving Strategies

With the start of a new year and the 2020 tax season, let’s revisit some tax-saving strategies that can help you save on your taxes this year. Below are some tax tips that will be useful whether you are trying to maximize your refund or minimize what you owe.

Understanding the Required Minimum Distribution

In an effort to encourage workers to save for retirement, the United States government allows individuals to save part of their income tax-deferred into retirement accounts. Workers do not have to pay taxes on these funds or on the investment gains until the money is withdrawn from the account as income, usually during retirement.

Tips to Help Protect Yourself From Scams This Tax Season

The 2019 tax filing season is here, and as millions of Americans prepare to file their 2018 returns, the Internal Revenue Service (IRS) is reminding consumers to protect themselves against the many tax scams thieves often employ in an attempt to steal money and personal information from unsuspecting victims.

4 Ways to Lower Your Tax Bill

With the start of a new year, we look forward to the arrival of spring and sunnier days, but January also marks the beginning of the often dreaded tax season. While some of us get excited for a long-awaited tax refund, many stress over getting their taxes filed correctly and paid on time. The December […]

IRS Advantages with Life Insurance

Nothing is certain except death and taxes, Benjamin Franklin once wrote. However, life insurance policies can afford us a brighter outlook by providing strategies to reduce taxes. Making the choice to purchase life insurance is a decision to protect your loved ones and help them maintain their quality of life. When establishing this legacy for […]

The New Tax Numbers For 2016

Knowing your IRS tax rate and rules that apply to 2016 are crucial.  They can have a major impact not only on your income tax returns but on your retirement and estate planning. The positive news is that many of the key rates have not changed.  We have prepared a useful and convenient chart here […]

Year End Tax List

The year may be ending, but Uncle Sam’s payday is still looming a few months away. In order to make sure our clients are in the best shape possible come tax time, we thought we’d offer a year-end tax list to weather the storm. We hope the tips below prove helpful.