Maximizing the Tax Benefit of Charitable Deductions

2022-07-21T01:37:36-04:00April 29th, 2022|Taxes|

Your charitable contribution deductions are still a great tax savings tool, but they now require more planning. Now is a great time to look at this area as part of your tax planning exercise. Background Typically, cash and non-cash charitable donations can be deducted on an itemized return. But with the standard deduction now [...]

If You’re Expecting a Refund, Read This!

2022-07-21T01:39:04-04:00April 22nd, 2022|Taxes|

If you’re getting a refund, here are four useful tips to know. 1. The average refund is more than $3,500. Through February 18, the IRS reports the average refund is $3,536, which is up 22% versus the same time last year. Since a refund is really your money to begin with, it’s like giving the [...]

Tax Day is Here!

2022-07-21T01:41:24-04:00April 15th, 2022|Taxes|

Last-minute details, tips and freebies... With the individual tax-filing deadline on Monday, April 18, now is the time to complete all filing arrangements and payments. If you have not already done so, ask yourself these questions before it’s too late to act: Do you need to sign your e-file authorization form? IRS Form 8879 needs [...]

It’s Tax Time! Estimated Taxes are Due.

2022-07-21T01:43:41-04:00April 8th, 2022|Taxes|

Now is the time to file your taxes and make your estimated tax payment. Both your individual tax return AND first quarter estimated tax payment are due by Monday, April 18th. Here is what you need to know. First quarter due date: Monday, April 18, 2022 The estimated tax payment rule You are required [...]

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