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Tag: deduction

IRS: Reminder for Parents, Students: Check Out College Tax Benefits

Sep 27, 2017
WASHINGTON ? With back-to-school season in full swing, the Internal Revenue Service reminds parents and students about tax benefits that can help with the expense of higher education. Two college tax…
It's Not Too Soon for Taxes: 4 Moves You Can Make Now

It's Not Too Soon for Taxes: 4 Moves You Can Make Now

Sep 27, 2018
Forbes, 9/18/18, by Mark Avallone - With the April 15 tax-filing deadline still months away, it may seem early to consider taxes, but when it comes to reducing your tax bill, starting early makes eminent…
Tips to Keep in Mind on Income Taxes and Selling a Home

Tips to Keep in Mind on Income Taxes and Selling a Home

Aug 01, 2017
From the IRS: Homeowners may qualify to exclude from their income all or part of any gain from the sale of their main home.
Tips to Keep in Mind for Taxpayers Traveling for Charity

Tips to Keep in Mind for Taxpayers Traveling for Charity

Aug 02, 2017
During the summer, some taxpayers may travel because of their involvement with a qualified charity. These traveling taxpayers may be able to lower their taxes.

Year-End Tax Planning Tip: Don’t Lose the Benefit of Itemized Deductions

Dec 19, 2017
If your itemized deductions end up being just under (or just over ) the standard deduction, you can double up on itemized deductions every other year and claim the standard deductions in the intervening…

New Guidelines for Independent Contractors and Worker's Compensation Insurance

Feb 13, 2018
The VT Department of Labor has released new guidelines concerning independent contractors and workers' compensation insurance. The new guidance states that an employer cannot be assessed workers' compensation…
Reminders as The Tax Deadline Looms

Reminders as The Tax Deadline Looms

Apr 10, 2018
The tax deadline to file individual tax returns and extensions for 2017 is quickly approaching... Thanks to the federal government's  Emancipation Day holiday taxpayers have until April 17th to file! Following…
Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises

Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises

Jun 11, 2018
Important information from the IRS for taxpayers who have typically itemized their deductions.

Consideration of 20 Percent Deduction for Qualifying Business Income is a Must for Business Owners

Sep 25, 2018
There have been sweeping changes as a result of the new tax law and this is one that should not be overlooked by business owners. Congress reduced the top tax rate for “C” corporations from 35% to a flat…

Who really does well with new standard deductions? Your student

Nov 01, 2018
Since the Tax Cuts and Jobs Act was signed into law, we have heard many politicians touting that the legislation doubles the standard deduction on individual income tax returns. This sounds like quite…