Newsletter Archives

The Premium Tax Credit

Basic Information
If you get your health insurance coverage through the Health Insurance Marketplace, you may be eligible for the premium tax credit. This tax credit can help make purchasing health insurance coverage more affordable for …

2014 IRA Contributions: It’s Not Too Late

Whether you are still working or retired, you should periodically review your IRAs. Here are few things to remember.
Contribution limits
If you are still working, review the 2014 IRA contribution and deduction limits to make sure …

Upcoming Tax Deadlines

April
We  15  Individuals: File Form 1040, 1040A, or 1040EZ. For automatic 6-month extension file Form 4868 and deposit estimated tax. Pay the first installment of 2015 estimated tax.

We  15  Partnerships: File Form 1065 and furnish a copy of Sch. …

Latest Newsletter

Featured credits and deductions for businesses

Deductions
Qualified business income deduction
Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S corporations, trusts and estates may be eligible for a qualified business income deduction, also called the section 199A deduction. Some …

Home office deductions

Small business owners may qualify for a home office deduction that will help them save money on their taxes, and benefit their bottom line. Taxpayers can take this deduction if they use a portion of …

Tips for students with summer jobs

With summer almost here, many students will turn their attention to making money from a summer job. Not all the money they earn will make it to their pocket because employers must withhold taxes from …

Upcoming Tax Deadlines

June

Day

10
Employees Who Work for Tips – If you received $20 or more in tips during May, report them to your employer. You can use Form 4070.

17
Individuals – If you’re a U.S. citizen or resident alien …