The following article was published by the IRS. The IRS has some good news for taxpayers who are selling their home. When filing their taxes, they may qualify to exclude all or part of any gain from the sale from their income. Here are some things that homeowners should think about when selling a home: Ownership and use [...]
If finances make you stressed, you're not alone. Studies have shown that money is a top stress producer among Americans. But while you can't make it through life completely immune from this sort of stress, it is possible to significantly reduce it by following some key steps: Get Organized. Take a look at what items [...]
The following article was published by the IRS. Buying a home? Working a summer job? Volunteering? Activities that are common in the summer often qualify for tax credits or deductions. And, while summertime and part-time workers may not earn enough to owe federal income tax, they should remember to file a return to get a refund for taxes [...]
This video was published by the IRS. Do you have a mortgage or home equity loan? If so, you need to know that tax reform changes affect the tax deduction for mortgage interest. The first change is you can deduct interest only for loans that were used to buy, build, or substantially improve your main [...]
The following article was published by the IRS. 1. Why redesign Form W-4? The new design reduces the form’s complexity and increases the transparency and accuracy of the withholding system. While it uses the same underlying information as the old design, it replaces complicated worksheets with more straightforward questions that make accurate withholding easier for employees. 2. What [...]
