Taxes

IRS unveils new People First Initiative

To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.

Taxes

Taxes

I sure do hate having to prepare taxes! It takes me quite awhile to do them. I use Turbo Tax, which by the way is a great program.

Why don’t our lawmakers realize what a crappy system we currently have and do away with this annual filing of tax returns?

Taxes

Tax Reviews

The tax season is once again upon us. I was recently notified of a site that has a review of tax programs. The review was updated on February 8, 2018.

Deductions | Taxes

Tax changes for 2018

The tax law has been revised. Here are some provisions that might impact your tax bill: A Higher Standard Deduction –  Approximately, 70 percent or so of households do not file an itemized federal tax return. The standard deduction in new tax bill nearly doubles the standard deduction. It goes to $12,000 for an individual, $18,000…