Articles - Page 29

The Ins and Outs of Tax Brackets and Rates

When filing your taxes, most individuals see the current tax bracket system as a mystery and are often left scratching their heads over how much tax they actually owe. The system may...

Four Keys to Understanding Your Tax Rates

As tax time comes around again, there is the feeling of mystery that seems to accompany the realm of tax brackets. Questions surround how your tax bracket is determined and what that...

Tax Rate Basics: Where Do I Belong?

Taxes are complicated. However, the least complicated thing about taxes are the tax brackets. If your income is between certain numbers, then you pay whatever rate is associated with...

How To Reduce Taxes In Retirement

Everyone wants to reduce their taxes and their taxable income, especially retirees and those who are living on a fixed income. They want to lower their tax liability more than anyone...

How Young Families Can Keep Their Tax Bills Low

Young families can keep their tax bills low by following some significant measures. Our list will help them to save for college, benefit from their flex account, and through many other...

Schedule SE

Chances are if you worked independently during 2015, and made over $400.00, you will most likely have to file a Schedule SE.  The Schedule SE is used to report self-employed taxpayer...

Dividend Income

If you received dividend income for 2015, you will need to report this income to the IRS and to the State of Maryland.  Dividend income is divided into two categories by the IRS,...

Hello everyone! This is Donna from Donna J. Jackson & Associates, PLLC. It seems that topic on everyone’s minds these days: how can I get more tax savings? I think we can all...

Making Lemonade Out of Lemons - Tax Loss Harvesting

AccountantHas the instability of the stock market got you thinking about what exactly you can do? Now may be this is the perfect time to make your own lemonade. It is wise to consider...