If there’s the best time to offer a reminder about tax filing rules, tax deductions and tax credits especially for people over 65, it is today. The filing time is quickly approaching...
Posted by Accounting Advantage, Pa on 05/20/2019
There are significant tax benefits to moderate and low-income families who choose to prioritize these long term savings since saving for retirement doesn’t always come easy....
Posted by LLOYD J CAZES CPA on 05/20/2019
What Is a SEP IRA? A Simplified Employee Pension (SEP) IRA permits independently employed individuals or entrepreneurs set aside up to $56,000 per year toward retirement. A...
Posted by Key Tax & Financial Services, LLC on 04/11/2019
Required Minimum Distribution (RMD) This is the amount that retirees over age 70 must withdraw from deferred tax plans such as IRAs and 401 (k) and (b) 403. The rules of the RMD are...
Posted by Global Accounting on 04/09/2019
Take action to increase tax benefits.If you are having a good year, recovering from recent losses or still struggling to take off, you can save a lot on your taxes by making the right...
Posted by John Pournaras Agency on 04/09/2019
Social security is an essential earning source for most retirees - and if you live in some areas in the U.S., your state won't charge you on it. Notwithstanding, the national...
Posted by YourIRSTaxAdvocate.com on 03/08/2019
An ESOP (employee stock ownership) Plan is a benefit plan for an employee that offers benefits to companies, business owner and their employees.How The ESOPs WorkCompanies create an...
Posted by Debi G Hill, CPA on 03/08/2019
As you probably know, most financial planners advise you to wait until age 70, if you can afford to wait, to be able to receive your social security benefits. The monthly payment for...
Posted by Flynn Financial Group Inc on 02/27/2019
The IRS Form 1040, 1040EZ or 1040A are used when filing an individual federal tax return. They will contain a report of your income and will help figure out how much additional taxes...
Posted by rinehimerbaker on 12/10/2018
