Category Archives: Tax

Common Tax Errors & Reminders

Here are a few things to remember Check your social security and your dependents’ social security numbers. Show proof of cash contribution – you cannot deduct a cash contributions, regardless of the amount, unless you keep as record of the … Continue reading

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IRS e-file launches Tuesday, January 17, 2012

So start planning to file your tax returns

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Ten Tips to Help You Choose a Tax Preparer

1. Check the preparer’s qualifications. New regulations require all paid tax return preparers to have a Preparer Tax Identification Number. In addition to making sure they have a PTIN, ask if the preparer is affiliated with a professional organization and … Continue reading

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You didn’t make enough in 2011….should you even file a tax return?

If you’re not sure if you need to file a tax return, take this test from the IRS website. It’s only 12 minutes long. Here are some general reasons why you may want to do it: 1. Federal Income Tax … Continue reading

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What’s an Earned Income Tax Credit (EITC)?

EITC is a tax credit that can return as much as $5,751 to people earning less than $49, 078. The Internal Revenue Service estimates four of five eligible workers claim and get their EITC. It is NOT automatic. Some not … Continue reading

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Changes in Social Security Benefits and Tax

My dad received a letter from the Social Security Administration late last year about getting a 3.6% increase on his monthly social security benefits starting in 2012. To offset this hike, the maximum amount of earnings subject to the Social … Continue reading

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Top 7 Tax-Time Tips

Tax season is here. Don’t let it slip on by. Here are some tips to stay ahead: Gather your records: receipts, canceled checks, taxes paid (property + school district), interests paid on students loans, mortgage interests, tuition, etc. If you don’t have these … Continue reading

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