by Alex Isakov | Feb 25, 2020 | Tax Facts
Did you know that some credits are refundable, but others aren’t? Since a tax credit provides a dollar-for-dollar reduction in what you owe, there are times when credit could reduce your taxes below $0. If you owed $1,000 in taxes, for example, and were eligible...
by Alex Isakov | Feb 18, 2020 | Tax Facts
Even though 2019 may be over, there are still a few things you can do to lower your 2019 tax bill, if you have a little cash on hand. You cannot make any more contributions to your 401(k) for last year, but you can still make IRA and Health Savings Account (HSA)...
by Alex Isakov | Feb 11, 2020 | Tax Facts
Did you know….. Your taxable income is below your gross income. What?? Some taxpayers assume if they make $50,000, they’ll be taxed on $50,000 in income—- but this isn’t the case. The salary you earn from your employer is called your gross...
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