by Christina Minton | Apr 12, 2021 | Miscellaneous
Now is the time to make your estimated tax payment Despite the individual tax filing due date being delayed until May 17, 2021, there is no delay in paying first quarter estimated tax payments for the 2021 tax year. So it is time to review your tax situation for the...
by Christina Minton | Apr 5, 2021 | Planning
Good news, that is sometimes not so good For some reason, some believe it is better to receive than give when it comes to filing taxes. While that may help your savings account, it is not always a great idea. Here’s why. You are giving the IRS an interest-free...
by Christina Minton | Mar 29, 2021 | Your Income
Wouldn’t it be nice to have a source of nontaxable income? You may be more fortunate than you realize. Here are several types of income that the IRS does not tax. 1. Tax-free interest. The federal government does not tax municipal bond interest. This includes...
by Christina Minton | Mar 22, 2021 | Whats New
What you need to know Individual tax filing due date: May 17, 2021 (was April 15, 2021) Unemployment income: $10,200 per person not subject to federal tax (was taxable) A surprise tax break for 2020 was passed into law in March of 2021. This late, late, late law...
by Christina Minton | Mar 15, 2021 | Miscellaneous
Prior to e-filing your tax return, you will need to review it. Here are some suggestions to ensure everything looks right. The Basics Confirm the basics for you, your spouse and your dependents: Double check the name, address, Social Security Numbers and proper...
