What You Should Know about the IRS’s New Withholding Estimator

In past blogs, we’ve talked about using the IRS’s online tools to double check the withholdings on your paycheck. This is an important part of tax preparation, and can help your tax season to go a lot more smoothly—especially considering the recent changes brought on by the Tax Cuts and...

How to Receive Tax Relief from the IRS after a Natural Disaster

In the wake of a natural disaster, most individuals are focused on filing insurance claims, recovering or preserving any property that survived the event, and otherwise coping with the long-lasting impacts of the disaster. One thing that many people don’t think about is how they’re going to file their taxes....

How the TCJA Will Impact Your Alimony and Other Support Payments

While the majority of the Tax Cuts and Jobs Act went into effect at the beginning of 2018, certain laws pertaining to alimony and other forms of support payments after divorce were not implemented until January 1, 2019. If you were or will be divorced after that date, or if...

An Introductory Guide to Paying Self-Employment Taxes

Whether you work as an independent contractor or have formed your own registered business, you are now subject to self-employment tax on your self-employed income. If this is a recent change in your income, you might be a little uncertain about how to pay your taxes now. This brief guide...

How You Can Reduce Your Tax Bill by Bunching Itemized Deductions

We’ve touched briefly on bunching charitable contributions in a past blog, but did you know that there are actually several different types of deductions that can be bunched? With the new, higher standard deduction set by the Tax Cuts and Jobs Act—$12,000 for individuals and $24,000 for married couples filing...