If you’re changing employers, the first thing on your mind probably isn’t taxes. But the actions you take now can make a big difference next April — and beyond. As you look forward to starting your new job, it’s important to keep in mind how your employment change will affect […]
Can you believe 2018 is already half over? If you haven’t thought about your 2018 tax situation yet, it’s time to do so. At this point, you should have a good idea what your income and deductions will be. With all the big tax law changes that take effect this […]
Don’t be surprised if you’re required to answer additional questions this year if you claim the Child Tax Credit (CTC), Additional Child Tax Credit (ACTC) or American Opportunity Tax Credit (AOTC). For the CTC and ACTC credits, you may be asked how long your children lived with you over the […]
The difference between your tax bracket and your tax rate is more than a trick question. For example, knowing your tax rate gives you an accurate reflection of your tax liability in relation to your total income. Knowing your tax bracket is useful for planning purposes. For instance, you may […]
If you’re required to make quarterly estimated tax payments this year, the first one is due on the same day as your federal income tax return. Failing to pay estimates, or not paying enough, may lead to penalties. Here’s what to consider.