Finance2017-09-05T09:34:18-08:00
2401, 2023

Taxpayers should hang up if tax season scammers come calling

By |January 24th, 2023|Finance|Comments Off on Taxpayers should hang up if tax season scammers come calling

The tax filing season is a popular time for scammers to call and try to dupe unsuspecting taxpayers. These thieves often make threatening or alarming calls posing as the IRS to try to steal taxpayer money or personal information. However, it's easy for people to recognize this scam by knowing [...]

1701, 2023

Tax tips: The difference between standard and itemized deductions

By |January 17th, 2023|Finance|Comments Off on Tax tips: The difference between standard and itemized deductions

One of the first decisions taxpayers must make when completing a tax return is whether to take the standard deduction or itemize their deductions. Several factors can influence a taxpayer's choice, including changes to their tax situation, any changes to the standard deduction amount, and recent tax law changes. Generally, [...]

1001, 2023

Final 2022 quarterly estimated tax payment due January 17

By |January 10th, 2023|Finance|Comments Off on Final 2022 quarterly estimated tax payment due January 17

Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes, but many should overlook this step. The Internal Revenue Service today urged those who paid too little tax in 2022 to make a fourth-quarter payment on or before Jan. 17 to avoid an unexpected potential [...]

201, 2023

Know the difference between a hobby and a business

By |January 2nd, 2023|Finance|Comments Off on Know the difference between a hobby and a business

Are you playing your new guitar as a hobby or are you using it to teach lessons in the community? Most people take up hobbies for personal enjoyment, not to make a profit. Sometimes, however, the line between hobbies and businesses isn't clear-cut. According to a news release, there are [...]

2712, 2022

Volunteers needed nationwide to help taxpayers this filing season

By |December 27th, 2022|Finance|Comments Off on Volunteers needed nationwide to help taxpayers this filing season

Last year, more than 58,000 IRS volunteers gave back to their communities by preparing more than 2.2 million federal income tax returns for individuals and families nationwide. These volunteers provided free tax help in communities across the country. The IRS is recruiting volunteers now for the 2023 filing season For over 50 years, the IRS Volunteer Income [...]

2012, 2022

Have disability-related expenses? Open an ABLE savings account

By |December 20th, 2022|Finance|Comments Off on Have disability-related expenses? Open an ABLE savings account

People with disabilities and their families can use Achieving a Better Life Experience or ABLE accounts to help pay for qualified disability-related expenses. ABLE accounts are tax-advantaged savings accounts that don't affect eligibility for government assistance programs. According to a news release, here are some key things people should know about [...]

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