Quick Summary of the Trump Tax Plan

Here is a quick summary of the Trump Tax plan. Individual Tax Reform Reduce seven tax brackets into three tax brackets. The current marginal rates of 10%, 15%, 25%, 28%, 33%, 35%, and 39.6% would turn into three rates of 10%, 25%, and 35%. The administration has not yet identified how these rates would apply […]

Don’t Want to Have Taxes Owed Next Year Here is What to Do

Most people hate to have to owe taxes on April 15th and then have to write that big check to the IRS. If you are one of those people here are the steps you can take: Correct your withholding from your paycheck(s). The IRS has a good calculator at this website that is fairly easy to […]

The Tax Filing Deadline Is Almost Here! What to Do?

The tax filing deadline is this Tuesday the 18th of April. If you can’t get your tax information together to file your taxes then the next best thing to do is to get an automatic extension from the IRS. It’s automatic in that the IRS will automatically accept the extension, but you have to do […]