For the majority of working Americans, filing our annual taxes is a rite of passage that pretty much no one looks forward to. If you’ve ever wished that you didn’t have to file taxes, you’re not alone. However, even if you aren’t legally required, there might be something in it for you. Not everyone has to file taxes, depending on their income level—but there might be some reasons that you choose to do so regardless. Should you file taxes this year in Union City, NJ? Here’s how to decide. Income requirements If you’re single and making under $13,850 if over... View Article
There’s no getting around it: the American tax system is complicated, opaque and seemingly deliberately frustrating. The only way to truly ensure that you’re minimizing your personal tax burden and not overpaying is to hire a qualified service for tax preparation in Union City, NJ. When you work with a tax professional, you’re ensuring that you’re not overpaying the government with your income taxes. Additionally, tax professionals can help you ensure that you’re not underpaying, which could result in stiff fines and serious penalties. While some people with a single source of traditional W-2 employment may think that their taxes... View Article
While it may seem like it’s far away, the new tax season is actually just around the corner. Employers will begin sending out tax return documents at the end of January, which is only a few short months from now. Savvy taxpayers know that the more they prepare for tax season, the more likely they are to receive an attractive refund. You should work with a tax professional early and often to ensure that you’re reaping the best possible refund and minimizing your tax burden. Hiring a tax consultant in Union City, NJ will help you avoid overpaying. When you’re... View Article
It’s never too early for you to start thinking about your tax preparation for the next year! Smart people are always looking for ways they can save money on their taxes, and even with the big changes that came with the Tax Cuts and Jobs Act this past year, there are still plenty of opportunities for you to see some savings. There are several types of savings and spending accounts that will give you some tax savings that really add up over time: 401(k)s, flexible spending accounts (FSAs) and health savings accounts (HSAs). Read on for a closer look at... View Article
