Individual Tax Calendar: Key Deadlines for the Remainder of 2017

While April 15 (April 18 this year) is the main tax deadline on most individual taxpayers’ minds, there are other deadlines through the rest of the year that are important to be aware of. To help you make sure you don’t miss any important 2017 deadlines, here’s a look...
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Saving Tax with Home-Related Deductions and Exclusions

Currently, home ownership comes with many tax-saving opportunities. Consider both deductions and exclusions when you’re filing your 2016 return and tax planning for 2017: Property tax deduction. Property tax is generally fully deductible — unless you’re subject to the...
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A Timely Postmark on Your Tax Return May Not Be Enough to Avoid Late-filing Penalties

Because of a weekend and a Washington, D.C., holiday, the 2016 tax return filing deadline for individual taxpayers is Tuesday, April 18. The IRS considers a paper return that’s due April 18 to be timely filed if it’s postmarked by midnight. But dropping your return in...
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2017 Q2 Tax Calendar

Key Tax Deadlines for Businesses and Other Employers Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that...
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2016 Ira Contributions — It’s Not Too Late!

Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017. If the contribution is deductible, it will lower your 2016 tax bill. But even if it isn’t, making a 2016 contribution is likely a good idea. Benefits...
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Who Can — and Who Should — Take the American Opportunity Credit?

Does Your Child Qualify? If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return. If, however, your income is too high, you won’t qualify for the credit — but your child might. There’s one potential...
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When an Elderly Parent Might Qualify as Your Dependent

Supporting Your Elderly Parent? It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify for the adult-dependent exemption. It allows eligible taxpayers to deduct up to $4,050 for each adult dependent...
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Tangible Property Safe Harbors Help Maximize Deductions

Did your business make building or equipment repairs in 2016? The expense may save you tax.

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Deduct All of the Mileage You’re Entitled to — but Not More

Did you know you may be able to deduct miles driven for purposes other than business?

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Do You Need to File a 2016 Gift Tax Return by April 18?

Last year you may have made significant gifts to your children, grandchildren or other heirs as part of your estate planning strategy. Or perhaps you just wanted to provide loved ones with some helpful financial support. Regardless of the reason for making a gift,...
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2017 Q2 Tax Calendar

Key Tax Deadlines for Businesses and Other Employers Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that...

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