- Don't Overlook Tax Credits
- Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. Congress provides tax credits to individual taxpayers for a number of reasons, including as a form of assistance for lower-income taxpayers, to stimulate employment, and to stimulate certain investments, among other things.
- Year-end Tax Planning: Have You Ever Thought About Pre-paying Your State Income and Property Taxes?
- Doing so may save you tax if you are able to itemize deductions on your federal return. Learn more.
- Expecting Your Taxable Income to Be Low This Year? You Can Take Advantage of It
- If your taxable income is exceptionally low this year, or even if you expect not to be required to file a tax return this year, a number of tax opportunities may be available to you. But time is running short, since these opportunities will require action on your part before year’s end.
- Meals & Entertainment Expenses Post Tax Reform
- The tax reform act imposed a number of restrictions on food and beverage expenses as explained below. Learn more.
- Are You Paying Outstanding Medical or Dental Bills at Year-end?
- Do you have outstanding medical or dental bills that are adding up? Use these tax planning strategies to maximize your tax savings.
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