How Long to Keep Tax Papers or Records? Get the Details Now.

how long to keep tax papersWith the 2017 tax season over,  you probably already put you tax return behind you and put your tax refund to good use. But what about all that paperwork? How long to keep tax papers? Have you filed your 2016 documents away somewhere never to be gazed upon again? Perhaps the documents are still […]

5 Things You Should Know About Claiming the Child Care Tax Credit

child tax creditWe all know child care can get expensive. However, it’s sometimes necessary. If you are working and need help with child care, you can reduce some of the impact to your bottom line with the help of the child care tax credit.

Before you claim the child care tax credit, though, there are a few things you […]

3 Things You Should Know About Tax Audits

irs tax auditThe idea of a tax audit concerns many of us. And why wouldn’t it? The thought of the IRS coming after you, telling you that you owe more money and potentially garnishing your wages can be very daunting. Before you get too worked up about a tax audit, here are three things you should know:

1. […]

Energy Efficiency Tax Credits Still in Effect for 2016

energy-tax-credits-3A few years ago, the government announced that taxpayers could spend money to install energy efficient systems and receive tax breaks. Those tax credits have been set to expire for some time, but Congress has renewed them for another year. In some cases, the tax credits have been renewed for even longer.

If you want to save money with […]

What are FICA Taxes?

estimated-taxes-dueWhen you received your first paycheck, you were probably surprised to discover that what you told you are earning, and what you actually come home with, are two different things. Due to tax withholding from your paycheck, your take-home pay is usually less than you earn.

Your federal and state income tax payments are usually withheld from your […]