Category: Individuals & Families
While 2020 winds down, there is still time to reduce your tax burden. Here are six ideas that can save money for most of us. 1. Leverage pre-tax savings. Take advantage of opportunities to set aside income on a pre-tax basis. This includes; Participation in your employer’s retirement savings program. Fully funding Health Savings Accounts […]
If you want to keep your 2020 distribution, you may consider reporting it as a coronavirus related distribution.
The IRS recently released guidance for the return of Economic Impact Payments in the event of deceased taxpayers, nonresident alien taxpayers, and incarcerated taxpayers.
Treasury Secretary Mnuchin tweeted today that the income tax filing date has been pushed to July 15.