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The Early Bird Gets the...Tax Refund? How to Approach Filing Deadlines

Winter weather may still be hanging around, but for financially-minded folks, a different kind of chill is in the air – tax season is upon us! While April 15th might feel like a distant date on the horizon, it's approaching rapidly. This begs the question: early-bird filing or a last-minute scramble? There is no magical, one-size-fits-all answer; it all boils down to your unique financial situation and goals.

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What U.S. Taxpayers Should Know about 2023 IRS Inflation Adjustments

While many routines in life remain consistent, the tax code isn't one of them. Every year brings adjustments, and 2023 is no exception to that rule. Several vital changes, driven by inflation, have impacted everything from tax brackets to retirement contributions, but don’t fret - some of the changes might even be beneficial. Read through to get a clear breakdown of what's new, and the ways in which it will (or will not) affect your tax status this year. If you need expert tax advice or clarification on any of these adjustments, arrange a meeting with your CPA or other professional tax preparer.

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What You Need to Know About the Tax Rules for Claiming Dependents

When tax season approaches, it’s always a good idea for parents and guardians to familiarize themselves with the current rules for claiming dependents. Doing so can lead to valuable tax benefits but also comes with highly specific eligibility criteria and guidelines. Delve into the intricacies of claiming dependents on your income taxes and empower yourself with the knowledge you need to make informed decisions, maximize tax savings, and ensure full compliance with tax regulations. Here’s what you need to know about the tax rules for claiming dependents.

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June is Wedding Month! Tax Filing Status Changes for Married Couples

June isn't just a time for soaking up the early summer sun; it's the most popular month for couples to get married. About 10.8% of engaged couples will set a date sometime in June, which edges out August for the most wedding-saturated month of the year. Whether you’re having a small or large ceremony, a reception for 20 or 200, you have likely been making plans for months or even years. In the midst of all the excitement, you probably won’t be thinking about your tax filing status. When tax time rolls around next year, here’s the information you’ll need regarding how tax filing status changes for married couples.

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With Just Days to Go, Tax Time is Upon Us! Do You Need an Extension?

Love it or hate it, tax time is looming large. (Not that we think many of you love it, unless of course you’re receiving a tidy sum in a refund).  All through the winter, and into spring, you try to stop thinking about it (or you've completely forgotten), but the deadline is drawing very near.  You are supposed to get your taxes filed before the 18th of April, and there's no time left to tip-toe around the topic. With just days to go, tax time is truly upon us! Do you need an extension?

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