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The IRS announced that the filing season for 2017 income tax returns begins on January 29, 2018. If you file earlier, with a professional or through tax preparation software, the return won’t be sub...

It has long been solid general tax advice to defer income so that it becomes taxed in a future year. However, 2020 is a year like no other and standard tax advice does not apply to all individuals. If...

According to the Social Security Administration, as of June 2021, there were a total of nearly 70 million people receiving Social Security benefits. These include individuals receiving retirement bene...

Ever wonder how the federal government spends what you pay in income taxes? Now you can get a general idea by using a calculator (www.whitehouse.gov/issues/taxes/tax-receipt) from the White House call...

Seniors and others receiving Social Security benefits and Medicare health coverage have something to celebrate in the coming year. The approximately 65 million Social Security beneficiaries will recei...

Tornadoes, fires, floods, accidents, and other unexpected events can change your life in the blink of an eye. The impact on your personal and financial life can be devastating. While the personal asp...

If you're a homeowner, you can win in four big ways by making certain energy-saving improvements to your home now: Save on energy costs this winter and for years to come. Increase the value...

The National Taxpayer Advocate’s annual report to Congress, which was released recently, said the number one priority should be tax reform. The current system is too burdensome (as if taxpayers ...

Summertime for many people means vacation time and travel opportunities. As summer rapidly approaches, recognize that the type of vacation you schedule can produce favorable tax results. Combine Busin...

The tax law allows individuals who receive foster care payments to exclude them from gross income if all three of the following conditions are met: Payments are made pursuant to a foster care prog...