Category: Blog

Top Four Year-End IRA Reminders

Individual Retirement Accounts are an important way to save for retirement. If you have an IRA or may open one soon, there are some key year-end rules that you should know. Here are the top four reminders on IRAs: Know the limits.  You can contribute up to a maximum of $5,500 ($6,500…

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Five Easy Ways to Spot Suspicious IRS Calls

The Internal Revenue Service issued a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS. The IRS reminds people that they can know pretty easily when a supposed IRS caller is a fake. Here are five…

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Four Facts about Unemployment Benefits

If you lose your job or your employer lays you off, you may be able to get unemployment benefits. The payments may be a welcomed relief. But you should know that they’re taxable. Here are four important facts about unemployment compensation: 1. You must include all unemployment compensation in your income…

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Are Your Social Security Benefits Taxable?

Some people must pay taxes on part of their Social Security benefits. Others find that their benefits aren’t taxable. If you get Social Security, the tips below will help you determine if some of your benefits are taxable. Here are five tips about how Social Security affects your taxes: 1. If…

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Deducting Medical and Dental Expenses

If you plan to claim a deduction for your medical expenses, there are some new rules this year that may affect your tax return. Here are eight things you should know about the medical and dental expense deduction: 1. AGI threshold increase.  Starting in 2013, the amount of allowable medical expenses…

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Beware of Fake IRS Emails and Phone Calls

Scammers often send an email or call to lure victims to give up their personal and financial information. The crooks then use this information to commit identity theft or steal your money. Some call their victims to demand payment on a pre-paid debit card or by wire transfer. But the…

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