tax lounge Blog - Page 3

Knowing when and how to file a tax extension may be to your advantage in 2020 A new tax season is coming up fast. And when things get in the way of filing your taxes on time, a federal tax extensio…

The Tax Cuts & Jobs Act (TCJA) signed into law in 2017 had some good news for seniors: The more generous higher standard personal deductions (they doubled!) offer a good path for seniors who do…

More money is always good, right? Generally, yes. But it’s always wise to know how your income (even if it went down) might affect your household’s tax liability. Knowing what federal income tax rates…

Many individual tax filers are adjusting their approach now that the realities of the TCJA (Tax Cuts & Jobs Act) of 2017 are in sharper focus; some trusted deductions are harder to take advanta…

With so many forms to complete and numbers to keep track of, tax preparation can quickly become a stressful, time-consuming activity—testing the limits of your patience and taking time away from what’…

Tired of asking ‘Where’s My Refund?’ If you’ve filed your federal tax return and would like to stay updated on your IRS refund status, we can help.  Here are 5 tips for tracking your 2019 refund…

Ever ask yourself: how do I calculate my tax refund? If you’re wondering how much the IRS owes you, it’s best to start collecting information—particularly on what you’ve made (income), what you’ve pa…

If you’re self-employed, you’re probably all-too-aware of the pain that comes with filing business taxes. As an independent contractor, you not only face a significant tax burden from the IRS, but als…

Spring 2019 marked the first tax season where individual filers had to negotiate some different rules regarding investment-specific interest and taxes. Did you see an impact or a change? As a refreshe…