Taxes

GOP Tax Plan Calculator

How will the Trump tax plan change YOUR taxes? Will the GOP tax plan lower your taxes or raise them?  The House and Senate are expected to pass the final version of the tax bill this week.  Polling shows that most Americans don't expect the bill to benefit them.  With this calculator, find out if that’s the case. The calculator doesn’t incorporate every provision of the new tax code, but enough to make an educated guess.

Click below to get a simple estimate of your tax cut or hike.  

10 Commonly Overlooked Tax Deductions

April brings showers, flowers…and taxes!   You have a little over a month to go before the tax filing deadline, and if you’re in need of motivation, we have 10 money-saving tax deductions (and credits) to keep in mind.  

Millions of taxpayers overpay their taxes every year by overlooking just one of the money-saving tax breaks listed here (click below). 

12 Tips to Cut Your Tax Bill

Aside from earning less – which probably isn’t a great alternative – the best way to lower your tax bill is to make sure you claim all of the deductions and credits you deserve.  

Filing your tax return is a once-a-year event but trimming your tax bill is something you can do right now.

Here are several easy moves many people can make to cut their tax bills. 

 

What the Clinton and Trump Tax Plans Would Mean For You

Republican presidential candidate Donald Trump and his Democratic opponent Hilary Clinton—offer Americans a stark choice in 2016, especially when it comes to taxes.

The non-partisan Tax Policy Center in Washington has taken an in-depth look of both proposals. Money Magazine has broken out the numbers for both plans and put them side by side to show just how each candidate’s proposals would affect Americans at a range of income levels.

Click below to find out how each candidate's new tax rates and rules would actually affect you. 

45% of Americans pay no federal income tax

Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year.  An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax.  To learn why, click link below. 

Here’s How Each Presidential Candidate Will Impact Your Tax Bill

Now that most of the 2016 presidential candidates have released their proposed tax policies you may be wondering just exactly how your bank account would fare with Ted Cruz or Bernie Sanders in the White House. Two tax calculators in particular do a nice job of showing how everyday Americans will be impacted by each candidate’s proposals.

All you need to do is plug your income, marital status, and whether or not you have children into this simple calculator, and it will show you how much more or less you would pay in taxes if Donald Trump, Ted Cruz, Hillary Clinton, or Bernie Sanders were elected.

Click below to see how your paycheck will fare with each presidential candidate.  

Tax Breaks for People Over 50

Turning 50 means more tax benefits. Growing older qualifies you for a variety of tax perks that aren't available to younger workers.  After age 50, and especially at age 65, you can qualify for extra tax breaks. Older people get a bigger standard deduction, and they can earn more before they have to file a tax return at all.  

Click below to learn about some ways to save money on taxes as you age.

3 of the Worst Ways to Spend Your Tax Refund

As refund checks arrive, many of us are making plans for the "extra" money.  Some of us will be responsible, and others will blow the money and party like it's 1999.  What are you going to spend your refund on?

Click the link below to find out the 3 worst ways to spend your tax refund.  

7 tax credits every homeowner should take advantage of

The benefits of home ownership are many, especially tax season.  When you buy a home, you're establishing roots. But beyond all that, owning any type of home - single-family, condo, cooperative or mobile home - is a major asset come tax time, and can save you money on what you owe the government.                                                                                                     

Click the link below to learn about these 7 tax credits every homeowner should take advantage of.

Beat the Bad Guys to Your Tax Refund in 2016

Here's another resolution for the new year:  File your tax return as soon as possible.  We’re not simply anti-procrastination. We want you to get your money, and one of the surest ways to make sure you get your refund before an identity thief does is to file as soon as you can.  Click below to learn the many benefits of filing early.  

7 Smart Ways to Lower Your Taxable Income

Reducing your taxable income is one of the most effective ways to lower your taxes, with some moves doing double duty as both deductions themselves and as a means to slide under income thresholds at which other taxes would kick in.


While it’s late in the year now, there's still time to take steps that will lower the amount of income you must report on your 2015 tax return. 

Take a look.

Here’s How Tax Rates and Brackets Will Change in 2016

The IRS just announced its inflation adjustments for next tax year.  The tax rules are changing in 2016.  

Click below to learn how the tax rates and brackets will change.  

10 Things To Do Before Year-end

Now is a good time to get started on some important year-end financial tasks. Wouldn’t you rather enjoy the holidays with family and friends than scramble to meet a December 31 deadline?  

Click on the link below for a list of 10 smart money moves to consider—some that need to be addressed by December 31. Most of them can be accomplished quickly, but the benefits can last a lifetime.