Backdoor Roth Conversion: The Tax Strategy High Earners Are Using
Single filers earning above $168,000 MAGI are cut off from direct Roth contributions—but the backdoor Roth conversion tax strategy closes that gap in two steps.
Celebrity Gift Bags and the IRS
Celebrity gift bags are a series of products, services, and other amenities that are given to people who perform or present at entertainment awards shows
IRS Delays Accepting Returns Until January 30th
The IRS delays accepting returns will have the biggest impact on people juggling holiday bills with other debts.
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Know The Difference Between a Tax Deduction and a Tax Credit?
A tax credit directly reduces a filer’s tax liability dollar for dollar. The actual value of the credit depends on your tax bracket
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Income Tax Tips for the Self Employed
Self employed workers have a big income tax burden because on top of paying for federal taxes, they also must pay 15 percent of their social security taxes
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Finding The Right IRS Forms Online
Here are some basic guidelines to consider when pondering which of the three IRS forms 1040EZ, 1040A or 1040.
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Federal Tax Tips for Those Planning to Retire
One of the last things most people think about when preparing for retirement is the federal tax bite that will come out of their retirement income.
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Options For Getting a Tax Form?
If you are among the 20% that still file by mail, you will need to understand the tax form required for your circumstances.
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How to Know If You Should Get a Tax Refund
You can get a tax refund on your income tax if you owe less income tax than what was withheld from you, and the estimated tax that you paid from the taxes.
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