In Dec 2019, the IRS announced that the standard mileage rate that will be used for deducting operating costs for automobiles would be 57.5 cents per mile. This is half a cent lesser...
Posted by Flynn Financial Group Inc on 02/14/2020
A tax refund can be a lifesaver for many people. It would have made much sense if the tax refund can come at the needed time. Sometimes submitting your tax return early will not even...
Posted by Flynn Financial Group Inc on 02/14/2020
Many of the best retirement savings strategies use employer-sponsored retirement plans, such as a 401 (k) or individual plans, such as an IRA or Roth IRA. These retirement vehicles...
Posted by Flynn Financial Group Inc on 01/30/2020
A stretch IRA is a means to limit the distributions necessary for an older IRA, by avoiding the considerable collection of taxes in this process. Instead of designating the spouse...
Posted by Flynn Financial Group Inc on 01/30/2020
A tax refund loan is just that: a short-term loan against the income tax refund you receive before the IRS repays you. However, this is not necessarily a loan for the full amount of...
Posted by Flynn Financial Group Inc on 01/30/2020
When you file tax returns, deductions reduce your income and the amount you owe. Taxpayers have two options: they can claim a standard deduction, or they can specify and request specific...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/30/2020
Health care is one of the most critical expenses for retirees, but not only because the elderly tend to access more medical services. Even if you've never seen your doctor, your...
Posted by Debi G Hill, CPA on 01/23/2020
Student loans affect your credit in the same way as other loans: you pay according to what is agreed and suitable for your credit; Pay late, and it can hurt you. However, student loans...
Posted by Debi G Hill, CPA on 01/23/2020
We know that the tax season is months away. However, the year will end in a couple of weeks. This is the perfect time to be proactive with your tax planning to have a favorable 2020...
Posted by LLOYD J CAZES CPA on 01/23/2020
