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Income Tax Facts: 7 Need-To-Know Tips From My Tax Adviser To You was originally published on blackamericaweb.com
1. Your Income Tax Cheat Sheet
Jobs With This Degree: Certified Public Accountant Payroll Manager Auditor Entrepreneur Plant Accountant Assistant Controller Estate Planner Professor Bank Examiner FBI Agent Public Accountant Benefits…
2. Be Mindful Of Holiday Bonuses
It’s always a great feeling to have that bonus check in hand, but sometimes it may not be the optimal scenario for your tax accountant.…
3. Consider Charitable Donations
Giving to charities can carry tax deductions, helping you save on your IRS payment. If you need to get in a gift during the year…
4. Prepare For Tax Season
If you have a few extra minutes away from work and the family, maybe you can unwind over some tax documents. While it isn’t most…
5. Keep Track Of Deadlines
Deadlines can creep up at any time and in any shape or form. Some deadlines for income considerations can be at the year’s end, so…
6. Don’t Forget Retirement Savings
A great way to save money on taxes is by having a properly structured retirement plan. Both 401K and Roth IRA plans carry tax implications…
7. Consider The Child Care Credit
The IRS published an entire post about the child care credit earlier this year, in which the agency explained exactly how to use the credit…
8. Lump Medical Bills
There are thresholds for which medical bills become deductible if they total a certain percentage of your gross income (10% for most people is standard;…
9. Rashida Maples, Esq.
Rashida Maples, Esq. is Founder and Managing Partner of J. Maples & Associates (www.jmaplesandassociates.com). She has practiced Entertainment, Real Estate and Small Business Law for…
