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Summer Newlyweds Should Also Think About Taxes

Spring showers bring summer flowers and weddings typically aren’t far behind. Newlyweds have a lot to think about and taxes might not be on the list. However, there is good reason for a new couple to consider how the nuptials may affect their tax situation. The IRS has some tips to help in the planning:…
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Are gambling losses deductible?

Topic 419 - Gambling Income and Losses The following rules apply to casual gamblers who aren't in the trade or business of gambling. Gambling winnings are fully taxable and you must report the income on your tax return. Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos. It includes…
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Retirement Savings Contribution Credit

Retirement Savings Contributions Credit (Saver’s Credit) You may be able to take a tax credit for making eligible contributions to your IRA or employer-sponsored retirement plan. Who's eligible for the credit? You're eligible for the credit if you're: Age 18 or older; Not a full-time student; and Not claimed as a dependent on another person’s…
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Timing is Everything

IRS Raises Stakes for Employers Who Delay FICA Taxation of Deferred Compensation The National Law Review - Timing is Everything- IRS Raises Stakes for Employers Who Delay FICA Taxation of Deferred Compensation - 2017-06-12
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