by mariettacp | Jan 14, 2011 | Money Tips, Tax Planning, Tax Tips
Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 on December 16, 2010 and President Barack Obama signed it into law on December 17, 2010. This sweeping tax package includes, among many other items, an extension of...
by mariettacp | Jan 3, 2011 | Money Tips, Tax Planning, Tax Tips
Year-end tax planning tip of day: Increase your withholding if you are facing a penalty for underpayment of federal estimated tax. Doing so may reduce or eliminate the penalty. Contact your CPA if you have any questions about appropriate withholding rates. © 2010...
by mariettacp | Dec 31, 2010 | Money Tips, Tax Planning, Tax Tips
To maximize your pre-tax deductions, review your FSA contributions to make sure they match up with your spending. Increase the amount you set aside for next year in your employer’s health flexible spending account (FSA) if you set aside too little for this year....