A checklist of tax changes for 2016.
Health Flexible Spending Arrangements in 2016
Eligible employees should begin planning now to take full advantage of their employer's health flexible spending arrangement (FSA) during 2016. FSAs provide employees a way to use tax-free dollars to pay medical expenses not covered by other health plans. Because eligible employees need to decide how much to contribute through payroll deductions before the plan year begins, many employers this fall are offering their employees the option to participate during the 2016 plan year. Interested employees wishing to contribute during the ... Read More
Six Tax Tips for Year-End Charity
Thinking of making a charitable donation during the holiday season this year and want to claim a tax deduction for your gifts?
2015 Tax Provisions for Businesses: A Review
Whether you file as a corporation or sole proprietor here’s what business owners need to know about tax changes for 2015.
2015 Tax Provisions for Individuals: A Review
What individuals and families need to know about tax provisions for 2015.
What is the Individual Shared Responsibility Provision?
The individual shared responsibility provision that requires you, your spouse, and your dependents to have qualifying health insurance for the entire year, report a health coverage exemption, or make a payment when you file.
2015 Year-End Business Tax Planning
Business tax planning gets more important as the sun begins to set on 2015. While the fate of several business-related tax extenders that expired at the end of 2014 is uncertain, there are still year-end business tax planning strategies to reduce the tax burden for 2015.
Individual Tax Planning for 2015
Tax planning strategies for individuals for 2015 include income and deductions timing, as well as careful consideration of timing related investments, charitable gifts, and retirement planning.
Hold On to Your Tax Returns
You should always keep a copy of your tax return for your records. You may need copies of your filed tax returns for many reasons. For example, they can help you prepare future tax returns. You’ll also need them if you have to amend a prior year tax return. You often need them when you apply for a loan to buy a home or to start a business. You may need them if you apply for student financial aid. If … Read More
Tax Tips for Divorced or Separated Individuals
Income tax may be the last thing on your mind after a divorce or separation, but these events can have an impact on your taxes. Alimony and a name change are just two of the items you may need to consider. Here are some key tax tips to keep in mind if you get divorced or separated. Child Support. If you pay child support, you can’t deduct it on your tax return. If you receive child support, the amount you … Read More