Category - Taxes

1
Tax Planning For Fiscal Year 2018
2
All You Need To Know About 401(K) When Switching Jobs
3
Working Women and Our Current Tax Code
4
Now That The Dust Has Settled…Smart Tax Moves In 2018
5
Tax Time Thieves

Tax Planning For Fiscal Year 2018

MON, MAY 7th, 2018
 
As we take a deep breath after filing our 2017 taxes and begin to look forward to warmer temperatures and Spring flowers, we should take a few minutes to focus on setting ourselves up for tax success in 2018.

Many of us have enjoyed a bit of extra income as the new tax rates have started to flow through our paychecks. While enjoying the extra cup of coffee, lunch or additional 401k contribution that the extra income is affording us, we need to pause and shift our attention to our tax withholding for 2018. With …

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All You Need To Know About 401(K) When Switching Jobs

Land a great new job? Awesome. Now is the perfect time to think about your 401(k) and retirement plan, whether you had one before or not. Saving for retirement is important at all ages, so don’t let this opportunity fall to the bottom of your list.

Here are few tips to consider when starting a new job and a new 401(k).

1. Make more contributions if you have a bigger paycheck. When you get a raise, it is a good idea to increase the amount you contribute to your 401(k). You didn’t have this money in your pocket, so you

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Working Women and Our Current Tax Code

A Slate article on the ways in which our current tax code hurts working women points out:

“The biggest roadblock to fixing the system is that most people don’t even know it’s broken—or at least in which particular ways it’s broken.”

You may think of filing taxes as something you must do as an individual but really, our system taxes families as a whole.

While someone might argue that our tax system is fair because it penalizes the second earner in a family (no matter who that person may be), because more often than not, that second earner is a …

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Now That The Dust Has Settled…Smart Tax Moves In 2018

By Eve Kaplan, Certified Financial Planner®

Now that the dust has settled, here are some smart tax moves to lower your taxes and/or avoid higher taxes/penalties in 2018. These steps may be especially helpful if you live in high property and high income tax states (e.g. New Jersey, New York, California) since state and local tax deductions are capped.  Unfortunately all these changes mean you’ll need more time and energy to stay on top of your taxes.

Here are 4 strategies to lower taxes and/or avoid higher taxes/penalties:

  1. Bunch Up Charitable Donations With A Charitable Trust. Charitable trusts can be
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Tax Time Thieves

It’s the time of year when we scramble to gather our W-2s to file taxes before the April 17 individual income tax deadline.

Unfortunately, identity thieves also are scrambling to gather your personal information to file fraudulent tax returns. How can you prevent an identity thief from stealing your refund? Below are a few helpful tips on protecting your identity this tax season:

Store your personal information and financial documents in a safe place. Avoid carrying your Social Security card with you and keep financial documents in a secure location.

Be aware of impersonators. Don’t give personal information over the …

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