Protect Your Records for When Disaster Strikes
So far in 2025, the Federal Emergency Management Agency (FEMA) has issued 12 major disaster declarations in nine states impacted by winter […]
What to Do If You Forgot to File
If you missed the April 15 filing deadline, you should submit your tax return as soon as possible. And if you missed […]
Last Call! Tax Day is April 15
The deadline for individuals to file their income tax return is April 15, 2025. If you have not yet made an appointment […]
April 1 Deadline for Beginning RMD
In most cases, retirees who turned 73 in 2024 must begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace […]
Common Tax Return Errors to Watch Out For
Mistakes can happen when preparing a tax return — and that can cause delays or even rejected returns. Knowing what to lookout […]
Tax Tips for Marriage Status Changes
Your tax filing status generally depends on being married or unmarried on the last day of the year – which means that […]
IRS Increases Standard Mileage Rate in 2025
The IRS has announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, […]
Beware of Fraudulent “Charitable LLC” Schemes
IRS officials have warned taxpayers to avoid promoters of fraudulent tax schemes involving donations of ownership interests in closely held businesses, sometimes […]
Save for Retirement Now, Get a Tax Credit Later
Low- and moderate-income taxpayers can save for retirement now and possibly earn a tax credit in 2025 and future years thanks to […]
Form 1099-K Threshold Set to $5,000 for 2024
The IRS has announced a change to the requirements that third-party settlement organizations (TPSOs), also known as payment apps and online marketplaces, […]