by KNSS | Aug 15, 2017 | Taxes
Students and teenagers often get summer jobs which can be a great way to earn extra spending money or to save for later. Here are some additional top tips from the IRS for people with summer jobs: New Employees. When a person gets a new job, they need to fill out...
by KNSS | Oct 14, 2015 | Credit, Taxes
Making an 83(b) election can save taxpayers significant taxes if they purchase or otherwise acquire shares of “restricted” stock in a company that is appreciating in value.? Over time, the restrictions attached to these shares “lapse” and the...
by KNSS | Oct 14, 2015 | Credit, Education, Taxes
Below is information provided by our friends at the IRS: If you, your spouse or a dependent are heading off to college in the fall, some of your costs may save you money at tax time. Here are some tips on claiming an education-related tax credit on your federal tax...
by KNSS | Oct 14, 2015 | Financial Planning, Taxes
By Andrew Schwartz, CPA, Founder of MDTAXES Network While “Time Flies” is pretty much the industry standard, I prefer the words told to me by a Camp Director a few years back when I was dropping my son off at summer camp.? “The days are long but the...
by KNSS | Dec 3, 2014 | Taxes
It’s not too late to cut your 2014 tax bill.? Prior to Dec. 31st: Increase your 401(k) and 403(b) contributions if you haven’t been contributing at the maximum rate all year. This year you can put away up to $17,500 ($23,000 if 50 or older) into your...
by KNSS | Dec 3, 2014 | Taxes
During December, you should evaluate whether you’ll save any taxes by postponing 2014 income or deductions into 2015 or by accelerating 2015 income or deductions into 2014.? While many factors should be evaluated prior to making your final decision, a few items...
