by Paula Kennedy, EA | Feb 24, 2020 | Tax
Can the child tax credit help you? If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities and education. Fortunately, there’s a tax credit available for taxpayers with children under the...
by Paula Kennedy, EA | Feb 19, 2020 | Tax
Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax situation. It generally depends on which filing status results in the lowest tax. But keep in mind that, if you and your spouse file a joint...
by Paula Kennedy, EA | Feb 5, 2020 | Tax
Wondering how to cut your tax bill? Consider an IRA. If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a...
by Paula Kennedy, EA | Jan 29, 2020 | Tax
Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your 2019 individual tax return is due to be filed in less than three months. However, it’s a good idea to familiarize yourself with...
by Paula Kennedy, EA | Jan 15, 2020 | Blog, News
As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers and individuals. One of the provisions of the SECURE Act involves a new requirement for employers that sponsor tax-favored defined contribution...
