Tag Archives: tax refund
#DSJTaxTeamTip: Form 8888 Allows Taxpayers To Fund IRA with Income Tax Refund
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- Often overlooked tax advantage allows automatic redirection of refund without delay
- Form 8888 enables over-payments to be directed to fund traditional IRAs, ROTH IRA, or SEP-IRA
- Deadline to make election extended to July 15th due to COVID-19
- SIMPLE IRA still
Winners and Losers of the Tax Bill
March 2019
In 2018 when President Trump and the Republican Congress rewrote the tax code, everyone knew there would be winners and losers. Exactly how this will play out is just starting to be seen – it closes loopholes while … Continue reading
5 Tips for First-Time Tax Filers
February 2019
Filing taxes for the first time can be overwhelming. But if you have the right tools and advice before you start, it won’t be. Here are a five critical things to know before you begin, which will make … Continue reading
2017 Social Security Changes
A HIGHER TAX CAP AND OTHER BIG CHANGES IN STORE FOR SOCIAL SECURITY IN 2017
The Social Security Administration (“SSA”), in its annual mid-October press release, announced some important changes to America’s most important social program for 2017, not the … Continue reading
Beware of Tax Scams!
The IRS is warning taxpayers to be wary of tax scams aimed at obtaining your personal information in the midst of tax season. Scam artists across the country pretending to be IRS agents are now calling under the pretext … Continue reading
2015 Tax Law Updates – Did you Know?
Before you prepare your taxes for 2015, there are a few tax law changes that you may want to brush up on. Depending on your personal financial situation, these changes may have a significant impact on how much you owe … Continue reading
MAKE YOUR TAX REFUND WORK FOR YOU
Tax season is well underway, and many of us are already thinking about that refund check. Actually, about 75% of individual taxpayers receive a refund every year at an average of about $2,900. And If you are expecting one this … Continue reading
10 Tips On What To Do With Your Refund Money
1. Establish or Build Your Emergency Fund
An emergency fund is an important means by which to avoid the financial disaster that can result from just one surprising bad set of circumstances. As protection against a job loss, medical emergency … Continue reading