Taxes can be complicated, but these steps make things go much more smoothly at tax time.
Confused about whether you can contribute to a Roth IRA? The IRS suggests checking these simple rules.
f you haven’t contributed funds to an Individual Retirement Arrangement (IRA) for last tax year, or if you’ve put in less than the maximum allowed, you still have time to do so.
A Coverdell Education Savings Account (ESA) is a savings account created as an incentive to help parents and students save for education expenses.
f you are an educator, you may be able to deduct up to $250 of expenses you paid for purchases of books and classroom supplies, even if you don’t itemize your deductions, according to the IRS.
Whether to itemize deductions on your tax return depends on how much you spent on certain expenses last year.
Taxpayers who qualify and claim the EITC could pay less federal tax, pay no tax or even get a tax refund.
The tip income you receive as an employee from services is taxable income, advises the IRS.
Newlyweds and the recently divorced should make sure that names on their tax returns match those registered with the Social Security Administration (SSA).
Did you know that you may be able to deduct certain taxes on your federal income tax return?
J Kelly & Associates PC
10025 Belding Rd NW Rockford, MI 49341 (616) 691-8107
© 2020 J Kelly & Associates PC