3 Reasons to Do Your Taxes as Soon as Possible

At The Tax Guy, we will prepare an accurate, timely return and get your refund to yua as soon as possible.  Serving Greater New Haven, Southern Connecticut, Hamden, New Haven, Cheshire, North Haven, West Haven, Wallingford and more.  Make sure your tax preparer is someone you trust!  Call 203-684-3512 or email Thomas Fortuna at  […]

In 2014, Various Tax Benefits Increase Due to Inflation Adjustments

In 2014, Various Tax Benefits Increase Due to Inflation Adjustments Posted: 31 Dec 2013 11:33 PM PST For tax year 2014, the Internal Revenue Service has announced annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2013-35 provides details about these annual adjustments. The […]

New Tax Guide Helps People With Their 2013 Taxes

IRS YouTube Videos: IRS Tax Forms and Publications:  English | Spanish | ASL IR-2013-102, Dec. 23, 2013 WASHINGTON — Taxpayers can get the most out of various tax benefits and get a jump on preparing their 2013 federal income tax returns by consulting a newly revised comprehensive tax guide now available on Publication 17, […]

The Most Overlooked Tax Deductions

By Kevin McCormally | Kiplinger – Fri, Dec 13, 2013 3:47 PM EST Years ago, the fellow who was running the IRS at the time told Kiplinger’s Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of the money-savers listed here. Cut your tax bill to the bone […]

Lower Your 2013 Tax Bill

New hidden tax hikes will hit many people this year. Here’s how to lessen the blow. By Laura Saunders | The Wall Street Journal – Mon, Dec 2, 2013 11:31 AM EST You might think that tax planning would be easier this year. You could be wrong. On New Year’s Day, Congress finally agreed to settle many […]

3 Tax Breaks Most Employees Squander

How to sign up for tax-saving benefits at work By Bill Bischoff | MarketWatch – Fri, Nov 1, 2013 2:18 PM EDT For most of us, the economy is still less than great and conserving cash remains a high priority. One easy way to keep more in your pocket is by taking full advantage of tax-saving opportunities […]

The Connecticut Earned Income Tax Credit

The Connecticut Earned Income Tax Credit (or CT EITC) is a refundable state income tax credit for low to moderate income working individuals and families. The state credit mirrors the federal Earned Income Tax Credit. The U.S. Congress originally approved the federal tax credit legislation in 1975 in part to offset the burden of social security […]

The Best Tax Moves for Fall

By Kimberly Palmer | U.S.News & World Report LP – Tue, Oct 8, 2013 11:31 AM EDT Fall is the best time for last-minute tax planning because you still have a few months to meet end-of-the-year deadlines that can minimize your tax bill in the spring. Follow these five tips and you might even get some money […]

“Render unto Caesar

“Render unto Caesar the things that are Caesar’s, and unto God the things that are God’s”.  That can be found in the bible.  A thousand articles about a thousand ways to save on your taxes.  That can be found on the internet.  It seems everyone has advice how to save money on your taxes.  The […]

Important Reminders about Tip Income

Important Reminders about Tip Income If your pay from your job includes tips, the IRS has a few important reminders about tip income: Tips are taxable. Individuals must pay federal income tax on any tips they receive. The value of non-cash tips, such as tickets, passes or other items of value are also subject to […]