The Tax Cuts and Jobs Act probably made your tax bill look a little different this year. But if you ended up owing a lot more than you were expecting, you’re not alone. Changes in deductions and tax credits had a massive impact on some taxpayers. If you are one of them, there are steps […]
How the New Tax Law Affects New Hampshire
The Tax Cuts and Jobs Act is now in effect, and it brings some specific concerns for the Granite State. If you live in New Hampshire, here are what some of the changes mean for you: Standard vs. Itemized Deductions The new tax law caps deductions for state and local income and property taxes […]
5 Ways to Decrease your Tax Bill
Spring is a long way off, but you can still get a jump on your taxes. Here are 5 ways you can decrease your tax bill next April: Increase 401(k)/403(b) Contributions to Decrease Your Tax Bill Contribute to your 401(k) or 403(b) account by the end of the year. That’s going to reduce your income, […]
How to Avoid a Large Tax Bill
A large tax bill can be a minor annoyance or a huge financial burden, depending on your situation. Regardless, there are ways to cut down on the amount you’ll pay at tax time. The more prepared you are throughout the year, the better you’ll fare when you’re filing: Check Withholdings to Adjust Your […]