Your Taxes
It’s Getting Easier to File on Your Own
On October 23, 2023, the IRS announced that it will moveforward with the launch of its own free tax filing program DIRECT FILE, for the 2024 filing season.its own free tax filing program DIRECT FILE, for the 2024 filing season ALASKA ARIZONA CALIFORNIA FLORIDA...
Claim Tax Credits
TAX CREDITSTax credits are perhaps the greatest tax break of all.Let’s look at a scenario: Maybe your overall income for the year was $50,000. You spend $8,000 of that on IRS-friendly deductible expenses. You will pay your ordinary tax rate on $42,000, assuming that...
3 Tips to Minimize Retirement Income Tax
WATCH FOR TAX BRACKET CHANGESWithdrawals from non-Roth retirement accounts can push you into a higher tax bracket. Bracket tax rates are referred to as “marginal” because they apply to your highest dollar of income. For example, you will pay only 10% in 2023 on income...