Blog
Retirees: Avoid an Unexpected Tax Bill on Your Retirement Income
January 11th, 2019
Many retirees are surprised to learn that part of their Social Security benefits may be taxable. After paying Social Security taxes for a decade or longer, most people do not realize that they may owe state and federal income taxes on their Social Se…
Read More
What Do I Need to Bring to My Tax Appointment?
December 28th, 2018
Filing taxes can be very overwhelming. Just when you think you understand the process and are prepared, your situation changes: maybe you just got married, had a baby, or changed jobs. For tax year 2018, even if your situation did not change, the tax…
Read More
Who Qualifies for the Ohio Small Business Deduction?
December 12th, 2018
Many Ohio taxpayers each year fail to take advantage of the Ohio Small Business Deduction, which could save them thousands of dollars. Many are not aware of who qualifies for the Ohio Small Business Deduction. Some who are aware of it may think the f…
Read More
Why is My Refund Less Than Expected?
December 10th, 2018
Where you depending on your tax refund only to find out the IRS reduced it drastically? Or, did the IRS not sent it all? Now, are you finding yourself asking questions like: Why is my refund less than expected? or Where’s my refund? The IRS can…
Read More
Earned Income Tax Credit Overview
November 28th, 2018
Earned Income Tax Credit is a refundable tax credit for low and moderate income individuals and families. If the credit reduces your tax liability to zero or if your income is low enough that you are tax exempt, the Earned Income Tax Credit can still…
Read More
Benefits of Tax Planning
November 15th, 2018
Tax planning is essential to lowering your tax bill. Meeting with a tax professional and reviewing your tax status before the end of the year allows you to develop tax strategies to take advantage of tax saving measures, before it’s too late. Altho…
Read More
New Tax Forms Have Arrived!
October 10th, 2018
The new postcard sized tax forms have arrived! Although smaller, they are not simpler. The IRS still needs all the information that was on the old forms. Unfortunately, the New Tax Reform did not change the amount of information taxpayers will need t…
Read More
Do You Need to File a Tax Return if You are Under 18?
September 12th, 2018
You just started working your first job. Now, it is tax time. Do you need to file your taxes? It seems a lot of work because you did not make that much money. A surprise to many people, the IRS does not consider age as a factor regarding whether you…
Read More
Hobby Income: Is It Taxable?
September 5th, 2018
All hobby income is taxable. Simply stated, if you make money from a hobby or business, you are required to report it to the IRS. To determine how to appropriately report and classify your income, you must first determine if the IRS considers your ho…
Read More
Four Tax Deductions Eliminated under the New Tax Reform
August 21st, 2018
The New Tax Reform signed into law by President Trump in December 2017 simplified taxes for millions of Americans by almost doubling the standard deduction. Starting with tax year 2018, the IRS expects millions of taxpayers to stop itemizing and star…
Read More
