Tax Tips & More
2024 Last-Minute Year-End Retirement Deductions
The clock continues to tick. Your retirement is one year closer. You have time before December 31 to take steps that will help you fund the retirement you desire. Here are five things to consider.
2024 Last-Minute Year-End Medical Plan Strategies
All small-business owners with one to 49 employees should have a medical plan for their business. Here are six opportunities for you to consider.
QBI Deduction: Maximize It Before It’s Gone
The QBI (Qualified Business Income) benefit expires after 2025, so there is a limited window of time to maximize this deduction.
HSA Secrets for Seniors: Contributions Beyond Age 65
Do you have a health savings account (HSA)? If so, you have one of the best tax-advantaged accounts. There is only one thing wrong with HSAs: you cannot make contributions after you enroll in Medicare. Or can you?
Beware of Tax Refund Offsets
If your tax return shows a refund, you probably expect the IRS will pay that total amount when it processes your tax return. Unfortunately, this is not always the case.
Got IRS Penalties? Know the Rules, Pay Nothing
The IRS often imposes steep penalties for filing tax returns late, failing to pay taxes on time, or not depositing employment taxes correctly. However, several strategies can help you get those penalties removed—and in some cases, even refunded if you have already paid them.
Best Practices When E-Filing Returns
Avoid future problems by following these best practices for e-filing.
Common Mistakes in Tax Preparation
Avoid errors that can occur when preparing tax returns by learning these common mistakes.
What Are Your Chances of Being Audited?
These red flags could increase your chances of the IRS selecting your return for audit.
May 2025 Tax Due Dates
May 12: Tips for April 2025 reported to employer (Form 4070)
June 2025 Tax Due Dates
June 10: Tips for May 2025 reported to employer
June 16: Estimated tax payment for 2nd quarter of 2025
June 16: U.S. taxpayers living and working abroad file 2024 tax return
June 16: U.S. taxpayers living and working abroad file form 4868 to request 4-month income tax return filing extension (payment of tax not extended)
June 16: Military personnel on duty outside the U.S. file 2024 tax return
June 16: Military personnel on duty outside the U.S. file Form 4868 to request 4-month income tax return filing extension (payment of tax not extended)
July 2025 Tax Due Dates
July 10: Tips for June 2025 reported to employer