Deciding between a traditional or Roth IRA can be confusing, but one thing is clear – Roth IRAs are subject to fewer IRS rules and restrictions, giving you more flexibility while still providing some great tax savings. Read more at
Tag: ira
Save Money by Hiring Your Child as an Employee of Your Business
If you own a business, consider hiring your child (or grandchild) as a legitimate employee. It can be a smart tax-saving strategy for employee and employer alike, especially under the Tax Cuts and Jobs Act (TCJA).
2018 Year-End Tax Tips
Everyone wants to save money on their taxes, right? Well you’re not going to be able to do this unless you plan accordingly. To make the most of some tax deductions, you have to act before the year is over.
July 2018 Tax Newsletter
Mid-Year Tax Checkup It’s hard to believe that we are halfway through the year already. July is a good time to make sure that you are making the best choices for your tax health. Here are some tips to help
Tax Tips – Individual Retirement Arrangements (IRA) Info
Taxpayers often have questions about Individual Retirement Arrangements, or IRAs. Common questions include: When can a person contribute, how does an IRA impact taxes, and what are other common rules. The IRS offers the following tax tips on IRAs:
Low to Middle Income Taxpayer Saver’s (Retirement) Credit
Retirement Savings Contributions Credit As the tax filing season approaches, the Internal Revenue Service reminds low- and moderate-income workers that they can take steps now to save for retirement and earn a special tax credit in 2016 and years ahead.
Important Dates Coming Up
Deadlines for Tax Filing Individual Returns Individuals that opted for an extension is October 17th, 2016
IRS Small Business Webinar July 14th
Register now for the July 14 webinar to learn about easy low-cost ways to start a small business retirement plan. 2pm Eastern, 11am Pacific http://www.webcaster4.com/Webcast/Page/925/9046 IRS Presenters: Gavin Chafin, Supervisory Internal Revenue Agent, Office of Employee Plans Kathy Tuite, Tax
Still Time to Contribute to IRA for 2014
April 15th Deadline The Internal Revenue Service reminded taxpayers that they still have time to contribute to an IRA for 2014 and, in many cases, qualify for a deduction or even a tax credit. To count for 2014, contributions must be made
Make An IRA Transfer to Charity for 2014
The Tax Increase Prevention Act extends the provision that allows certain IRA owners to make tax free distributions to charity. The extension applies for the 2014 tax year. This means if the law applies to you, the deadline to complete