January - 2017

NEWS & UPDATES

Having a Baby in 2017? Here Are 2 Tax Moves to Make Now

Having a Baby in 2017? Here Are 2 Tax Moves to Make Now

If you're expecting a new addition to your family in 2017, then your tax situation can change considerably. Most of the changes are in your favor, such as the child tax credit and an additional personal exemption, but there are a couple of things you should do to make the most of the tax changes that come with having a baby. Image Source: Getty Images. Change your withholding One of the first things you should do if you're expecting a baby in 2017 is to adjust your withholdin

As tax season begins, avoid these 5 common scams

As tax season begins, avoid these 5 common scams

Every tax season, scammers go after taxpayers on the internet, by email and over the phone to trick them into giving out their financial details. These frauds rake in billions of dollars each year. The Internal Revenue Service estimates that it prevented $22.5 billion in attempted identity-theft tax fraud, but paid out $3.1 billion in fake refunds in 2014, the most recent year available. Researchers from the Government Accountability Office said those estimates could be under

Everything you need to know to get a jump on your 2016 taxes

Everything you need to know to get a jump on your 2016 taxes

'Tis the season to ... consider your 2016 income taxes? Few people enjoy thinking about their taxes in advance, but now is an excellent time to do so. The IRS recently announced that January 23, 2017, would be the first day that forms for tax year 2016 might be filed electronically, the expected preference for over 80 percent of taxpayers. That's also the first day that paper returns will be processed. Take a holiday breather and make sure the records are coming together for