Getting zero taxes back might not seem like the most attractive idea if you’re used to getting sizable returns. However, there are some benefits to zeroing out your return. It means you’ve paid exactly what you owed in taxes throughout the year, and weren’t essentially giving the federal government an interest-free loan in the previous […]
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If you are a first-time homeowner, there is a lot of information you’ll need to learn quickly during the process of purchasing your house so you can make sure you meet all of your responsibilities. You will quickly learn, for example, all about property taxes: how they work, how you pay them, what they go
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Withholding allowances help an employer determine how much money to take out of an employee’s paycheck to remit to the state and federal tax authorities. You’ve probably filled out a W-4 before: when you check off allowances, that tells your employer just how much to withhold. The more allowances you claim, the less tax is
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What happens if you owe on your taxes and don’t pay by tax day? You could face penalties and interest from the IRS, and no one wants that kind of attention. No matter what you do, don’t ignore the problem. Even if you can’t pay the full amount on tax day, you’re better off filing
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Want to save some money on your taxes next year? Of course you do—doesn’t everyone? Our tax service in Des Moines, IA works with a variety of clients of all different income levels and financial backgrounds to help them cut their tax liability and continue to build their savings. Here are just a few examples
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It can be a sinking feeling to look at your tax paperwork after you file and realize that you still owe Uncle Sam a significant amount of money. If you know you’re not going to be getting a tax refund this coming year, you can at least make an effort to get your tax liability
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With all of the changes to the tax code as a result of the implementation of the Tax Cuts and Jobs Act, you may be confused as to how this affects your potential write-offs, and the information you need to track as part of your tax preparation. As a general rule, it’s still a good
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You’ve probably come across online tax calculators before. However, if you don’t know exactly how income tax is calculated, then they probably aren’t going to tell you a whole lot. So how exactly is your income tax calculated, and what can you do to lower the amount of money you owe to the government? Here’s
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After the hassle of completing your tax return, you’ve finally received your tax refund. Of course, you’re excited to have an extra influx of cash, but maybe you’re not sure about the best way to spend it. Luckily, there are plenty of smart moves you can make with your refund money that can benefit you
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There are many different strategies for approaching your taxes, but most of the time the goal is to end up paying no more than you owe. When it comes to tax time, you might even be hoping to see a bigger refund check than the year before. To get the most out of your taxes,
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