Tag Archives: Plymouth MA tax preparer

Can’t Pay Your Taxes? Do This

Most people are rewarded for filing their taxes because the majority of filers receive a refund. But there are those who owe money to the IRS and can’t pay it, and as a result are often afraid to file. If … Continue reading

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How College Grads (or Anyone) Can Build Credit

The currency of the college years is good grades. Once you graduate, your credit score often dictates much of your financial path going forward. There are several entities who will look at your credit and potentially make decisions based on … Continue reading

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Safekeeping Tax Records Helps for Future Filing, Amended Returns, Audits

The following article was published by the IRS. The IRS generally recommends keeping copies of tax returns and supporting documents at least three years. Employment tax records should be kept at least four years after the date that the tax … Continue reading

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Itemized Deductions Changes

This video was published by the IRS. Changes from the Tax Cuts & Jobs Act mean the standard deduction is worth almost twice what it was before. So you may get more benefit from the standard deduction than from itemizing. … Continue reading

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Taxpayers Must Report Health Care Coverage on 2018 Tax Return

The following article was published by the IRS. As taxpayers are completing their 2018 tax returns this year, they must complete the lines related to health care. For tax year 2018, the IRS will not consider a return complete and … Continue reading

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How to Pay Off Your Mortgage Early

For most people, a home is both the biggest investment they will ever make, as well as the greatest debt they will ever incur when factoring in a mortgage. True financial freedom often requires paying off this mortgage, but that … Continue reading

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Child Tax Credit and Credit for Other Dependents

Many parents claim the child tax credit to help with the cost of raising children. This year the credit may help even more parents because the income limit for those who qualify has increased to $400,000 for married couples filing … Continue reading

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