Many people hire a professional when it’s time to file their tax return. If you pay someone to prepare your federal income tax return, the IRS urges you to choose that person wisely. Even if you don’t prepare your own return, you’re still legally responsible for what is on it. Here are ten tips… Read More
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 Tom@TheTaxGuy.us. … Read More
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… Read More
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 IRS.gov. Publication 17,… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
“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… Read More