Maximizing your Individual Retirement Account each year is smart when you're focused on increasing your retirement fund. But contributing excess money can result in a tax penalty....
Posted by Abundant Wealth Planning LLC on 08/11/2022
How the Internal Revenue Service defines and calculates different types of income affects the taxes you owe. Modified adjusted gross income (MAGI) is one of them. MAGI also decides...
Posted by Pat Raskob on 08/11/2022
An unanticipated tax bill can be financially devastating, especially when it looks like you'll need to raise a huge sum of money in a short time.But don't worry, there's...
Posted by Tiffany Gaskin on 08/11/2022
Federal tax returns are required to file the FAFSA (Free Application For Federal Student Aid). The federal government uses the information on the tax return to investigate a family's...
Posted by Abundant Wealth Planning LLC on 07/31/2022
Understanding how to plan for retirement doesn't have to be difficult. The various available retirement plans are easier to comprehend than you might think, although each has its...
Posted by KLSM CPA Firm PLLC on 07/31/2022
If you need additional time to file your taxes this year, the Internal Revenue Service allows you to make an extension. This gives you another six months to complete your return. And...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/18/2022
Job seekers may have different types of deductions available for the expenses associated with their search. The problem with these deductions is that they are only available to job...
Posted by James Financial Services Inc on 07/18/2022
Although the alternative minimum tax (AMT) is an alternative method of calculating income tax, the "minimum" aspect is somewhat of a misnomer: the taxpayer must calculate...
Posted by Abundant Wealth Planning LLC on 07/09/2022
April is usually the cruelest month, especially for the unemployed. Say you've been unemployed for months or even a year, waiting in line at every busy job fair and applying to...
Posted by Income Taxes and Bookkeeping LLC on 07/09/2022
