Have you moved within the past year? Did you update your address with the IRS?  There are several ways to notify the IRS of an address change. If you  changed your address after filing your…

Your charitable contribution deductions are still a great tax savings tool, but they now require more planning. Now is a great time to look at this area as part of your tax planning exercise. Background…

The Inflation Reduction Act of 2022 (IRA) introduced new “clean” vehicle and energy-efficient property upgrade tax credits. At the time, only minimal and basic information was released with the IRA. In December 2022, the IRS…

By the time tax season rolls around, you may feel overwhelmed with the variety of forms that you need to have and keep track of. They may all seem similar or you may be unsure…

The risk of having kids file their own tax returns.   If you have children younger than 19 years old (or 24 if a full-time student), you should coordinate the filing of their taxes with…

Now is the time you will start receiving year-end informational tax forms. We’re all fairly familiar with W-2s from our employer, but you will also probably receive a number of different 1099s. Make your tax…

Introducing a new video series on tax return and personal finance tips: Alloy Jeopardy. The topic for this round of Alloy Jeopardy is “Common Excuses During Tax Season”. Excuses 100 | Why aren’t you contributing…

Your mailbox has started filling up with tax forms over the last several weeks and there are likely more to come. Getting your forms organized makes your tax filing easier for everyone involved. Here are…