Read This First Before Tapping Your Retirement Savings
Your 401(k), IRA or other retirement accounts may be a tempting source for cash if you find yourself short of funds or have a major purchase you are considering. Read more.
Charitable Tax Deduction Peculiarities
Charitable contributions can take many forms, and some are unusual or misunderstood, especially when they involve contributions other than cash.
Video Tips: What to Do When You Can’t Pay Your Taxes
Owing taxes on your income tax return but can’t pay it back immediately? Watch this video for some possible solutions to minimize your tax penalties and interest.
Cash Flow Solution for Seniors
The annual inflation rate in the U.S. accelerated to 7.5% in January of 2022, the highest since February of 1982, hitting those on fixed retirement income, namely seniors, the hardest. Read more.
Video tips: Positive News for the 2021 Earned Income Tax Credit
The Earned Income Tax Credit has been expanded and enhanced for low-income taxpayers who file their tax returns for 2021. Watch this video for details.
Inheritances Enjoy a Special Tax Benefit
Stepped-Up Basis refers to a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and if they sell inherited property. Learn more
Gambling and Tax Traps
Learn more about gambling winnings, losses and the potential tax traps.
Why is my tax refund delayed?
Return being processed means the IRS received your tax return, but it could still be delayed.
What makes a business sustainable?
Understanding how to build a sustainable business might be the difference between success and failure.
Video tips: Don’t Miss Out on Lucrative Tax Benefits
Watch this video to learn more about tax benefits that individuals and families with low income can claim on their 2021 tax returns.