2017 Income Tax Withholding Allowance
Updated income-tax withholding tables for 2017 have been released by the IRS. In 2017 the amount for one withholding allowance on an annual basis is $4,050 (same as 2016). Employers… Read more »
IRS Agents Getting Slammed and 2018 Tax Return Call Delays Likely to Continue in 2019
Many American taxpayers are again asking this year why it is so hard for them to call in and get through to a real IRS agent. The answer is simply these… Read more »
5 Reasons I Max Out My 401k Retirement Account as Fast as I Can – The 25% Contribution Rule
Every year around November when the IRS publishes updated 401k plan limits for the year ahead I set myself a goal to see how fast I can reach the maximum contribution… Read more »
Tips for Avoiding Financial Disagreements
Here is the second article in the series about couples and money. The first one was around effective planning and managing expectations for couples. But as we know in reality, even… Read more »
Will Ordering an IRS Tax Transcript Help Me Find Out When I’ll Get My Refund?
Ordering your tax transcript is a technique a lot of folks use to get an update on their tax return processing and refund if they are not getting information (or… Read more »
2017 and 2018 Healthcare Debate Continues – Coverage, Premiums, Tax Credits and Penalties – Obamacare vs. AHCA (House bill) vs. BCRA (Senate bill)
Jun 26 – The Senate has announced their health care plan – the BETTER CARE RECONCILIATION ACT (BCRA) – which is in line with the house bill described in the previous… Read more »
Should I Refinance My Mortgage and Do I Qualify
With interest rates on 30 year fixed-rate mortgage loans below 4%, the lowest level since the 1950s, many borrowers are keen to refinance their home loans and other mortgages. By… Read more »
Contact a Tax Advocate to Help Get Your Refund Released From The IRS
Lisa had the following challenge with getting her refund released, what is she to do? 1/21 filed 1/23 accepted 1/25 1 bar WMR, tax topic 152, no codes, no messages… Read more »
Contributing to an IRA and Roth IRA if You Already Have a 401K – Non Deductible IRA and Maximum Tax Deductible Contributions
“Can I Contribute to an IRA, Roth IRA and a 401K if I have access to all these accounts? What are the limits and rules of doing so?” This is the… Read more »
When Will My 2017 Tax Refund be Released and Deposited into My Bank Account
The IRS has now started processing and releasing the majority of tax refund payments following delays due to the PATH act. On various articles published on this site it has… Read more »