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07May2014

Summer Day Camp Expenses May Qualify for a Tax Credit

Along with the lazy, hazy days of summer come some extra expenses, including summer day camp. But, the IRS has some good news for parents: those added expenses may help you qualify for a tax credit. Many parents who work, or are looking for work, must arrange for care of their children under 13 years
  • 7 May, 2014
  • Haley Spain
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06May2014

Inundated with Tax Clutter? Here’s What You Can Toss

E-filing is on the upswing. According to the Data Book recently released by the IRS, the agency processed 240 million returns during its last fiscal year, of which 59 percent, or 151 million, were filed electronically. Of the 146 million individual income tax returns filed, almost 83 percent were e-filed. You might think those numbers suggest we are
  • 6 May, 2014
  • Haley Spain
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05May2014

Mid-Year Retirement Savings Check-up

Saving enough to afford the lifestyle you want when you retire? Now, is a good time to check whether you’re taking full advantage of all your retirement savings opportunities because you still have the rest of the year to adjust your retirement savings contributions. Employer-sponsored retirement plan Join the plan – If you haven’t already,
  • 5 May, 2014
  • Haley Spain
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01May2014

What Every Student Should Know About Summer Jobs and Taxes

Planning a summer job during your break from school? That’s great, but keep in mind that you do have to pay taxes on the money you earn from that job. Here are a few tips about earning money and paying taxes. Be sure you fill out Form W-4, Employee’s Withholding Allowance Certificate. Your employer uses
  • 1 May, 2014
  • Haley Spain
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01May2014

May Due Dates

May 2014 Individual Due Dates May 12 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 12. Your employer is required to withhold FICA
  • 1 May, 2014
  • Haley Spain
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