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Keeping Your Informed with Financial News and Tips

Can I Avoid Taxes on Social Security or Retirement Benefits?
March 15, 2021

Many things will change in retirement, from your budget to your overall lifestyle. But some things never completely change, and income taxes fall into that category. Most retirees are still required to file tax returns and do pay some amount of income taxes each year. You might be surprised to…

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Missing Tax Documents? Here’s What You Need to Do
March 8, 2021

Tax season is no one’s favorite, but it’s a part of life for all of us. So you’re probably getting ready to file your 2020 income tax returns sometime within the next month or so. But what happens if you don’t receive all of the important documents you need to…

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What Happens if You Underpay Your Taxes?
February 8, 2021

For most workers, Form W-4 (filed with your employer) allows you to claim exemptions and accurately estimate your income tax liability pay period. But sometimes, changes during the year such as marriage, divorce, or a raise can throw off those estimates. If you’re pushed into a higher tax bracket, you…

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This Tax Deduction Could Lead to Big Savings
February 1, 2021

At the end of December 2020, Congress passed a large spending bill addressing many of the problems we faced in the last year. For taxpayers, one aspect of that bill might hold promise in lowering income tax liability, both now and for many years to come. In response to the…

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