EG Tax Blog
Tax Tip
If you bought an electric car in 2023 go to IRS.gov to see if you car qualifies and to see how much your Electric Car is going to save you on your tax return. But remember this is a non-refundable credit and it does not carry over to 2024. Listen every Saturday at 3pm on WBEN or www.wben.com for…
Weekly Tax Tip 12/18/23
If your self-employed and haven’t started your books, do it now instead of later! The longer you wait the more money it could cost you in taxes.
Listen every Saturday at 3pm on WBEN or www.wben.com for our live tax show
Weekly Tax Tip Dec 11, 2023
Do you know what a QCD is…That’s when you are age 73 or higher and move money from your IRA directly to charities and not get taxed on that money and it could even reduce the amount of taxable Social Security or the cost of your Medicare Insurance.
Listen every Saturday at 3pm on WBEN or www.wb…
Tax Tip
Do you know what a QCD is…That’s when you are age 73 or higher and move money from your IRA directly to charities and not get taxed on that money and it could even reduce the amount of taxable Social Security or the cost of your Medicare Insurance. Listen every Saturday at 3pm on WBEN or www.w…
Weekly Tax Tip Dec 4, 2023
If you are retired and have low income, don’t leave tax free income on the table. You could be missing out on tax free money of $1,000 up to $20,000 depending on filing status and age. Plan your distributions from your IRA and 401k accordingly.
Listen every Saturday at 3pm on WBEN or www.wben.com…
Tax Tip
If you are retired and have low income, don’t leave tax free income on the table. You could be missing out on tax free money of $1,000 up to $20,000 depending on filing status and age. Plan your distributions from your IRA and 401k accordingly. Listen every Saturday at 3pm on WBEN or www.wben.co…
Weekly Tax Tip November 27th 2023
Are you investing in Crypto Currency? If you sell or exchange Crypto that is a taxable transaction and needs to be reported on Form 8949/Schedule D.
Listen every Saturday at 3pm on WBEN or www.wben.com for our live tax show.
Weekly Tax Tip November 20th 2023
If you use Venmo or any similar cash apps on a regular basis where you received more than $600, you will receive a 1099K this year and it is up to you to allocate it as personal, business, or rental. Start allocating your transactions now.
Listen every Saturday at 3pm on WBEN or www.wben.com for …
Weekly Tax Tip November 14th, 2023
We know that Christmas can be very expensive, but did you know you can use some Christmas presents as a deduction? If you have a business tell your spouse you want a new desk, chair, tool, computer, etc…
As long as you use it in your business then it is a deduction against your income.
Listen e…
Weekly Tax Tip
Why you want to file your tax return on time, or request an extension, even if you can’t pay the full amount due. The benefits of doing so can help to avoid added interest and penalties, the possibility of losing future refunds to pay back prior taxes owed, and to safeguard your credit if the IR…