Last minute tax savings!
End of the year is almost here! You may be wondering how you could save a few more dollars on your tax return. Here are a few ideas that might help you before December 31st!
Category Individual
Health Reimbursement Accounts for Small Employers
Health Reimbursement Accounts (HRA’s) are back after the signing of the 21st Century Cure Act, effective January 1, 2017. There are new rules (of course!) that come right along with them for 2017 (as well as some transitional relief for…
Standard Mileage Rate Drops for 2017
Beginning Jan. 1, 2017 the standard mileage rates will be: 53.5 cents per mile for business miles driven (down from 54 cents per mile in 2016) 17 cents per mile for medical or moving purposes (down from 19 cents per…
Tis the Season of Cheer….and Scammers!
This week is National Tax Security Awareness Week. It’s a good time to refresh your security awareness. Many people spend time on their computers buying gifts, gathering year end tax information, and making other financial transactions. We wanted to remind…
Scammers Target Students
Are you a student, or know of a student? Please beware that scammers are now targeting students with a “Federal Student Tax”. There is no such thing as this. Please, please, please DO NOT give out any personal information to…
College in Fall of 2017?
Do you have a child going off to college in the fall of 2017? Be aware they are making the application for FAFSA available to you October 1st and you will be using your 2015 tax information for students applying…
Back To School Tax Savings
It’s back to school time! This week has been full of first day pictures, nervousness for both parents and kids, and the first of the last for those seniors! We wanted to make sure you remember some tax advantages for…
MILEIQ App Review
MILEIQ App – Are you familiar with it? It’s the easiest and most user-friendly app to track an individual’s mileage. Let’s take a look at why this app has remained at the top of the App Store sales charts and…
HSA: An Additional Retirement Account
A health savings account (HSA) is a triple tax-free account, where you make pre-tax contributions, which grow tax-free, and can be withdrawn tax-free to pay for eligible health care expenses for yourself, spouse, or tax dependents.
Don’t Get Tricked by the IRS Tax Scams
BEWARE…. There is an ongoing problem with people calling claiming to be with the IRS. The IRS will: Never initiate contact with taxpayers by e-mail to request personal or financial information. This includes any type of electronic communication, such as…