Andrews Consulting

The tax code is filled with age triggers. Some are beneficial, while others can create a tax increase surprise. Outlined here are some of the important age triggers everyone should know.

As Congress debates tax law changes, and we watch the give and take like its a bad soap opera the clock keeps ticking towards the end of the tax year. So what can you do? Here are some time tested tax reduction ideas.

Looking to plan ahead? Here are initial figures from the IRS regarding the upcoming, 2021 tax year.

Looking for some ideas to make filing your taxes less cumbersome? Here are some tips.

If you own a home you probably itemize your deductions on your tax return. But what if you do not itemize? Can someone using the standard deduction still get a tax break?

Oops! You find an error or omission on last year's tax return. What should you do? Is it always a good idea to file an amended tax return? Here are some things to consider.

The Social Security Administration recently announced their 2021 Cost-of-Living Adjustment (COLA) changes. Here is what you need to know.

If you recently changed your name due to marriage or divorce, do not get caught in the nightmare of a rejected or changed tax return by the IRS.

When does a tax benefit not become a tax benefit? When you assume you no longer need to keep track of something. This is the case with the home gain exclusion.

All too often taxpayers take action that will cost them dearly when they file their tax return. With a little planning, however, the IRS can still receive its fair share but not a dollar more. Here's what you need to know.

Did your paycheck seem a little higher? If so, it could be a tax time bomb.

If you have not already done so, please plan to make your second quarter estimated tax payment. The due date is Tuesday, September 15th.

Because our tax system is progressive, the next dollar you earn could be taxed at a much higher rate. By shifting taxable income levels from one year to the next, you could potentially pay a lower tax amount in both. Here are six great ideas.

Providing a gift of stock (or other property) to a friend or loved one can be a powerful tax planning tool. However, it is not without its complications.

As states create tax laws to capture revenue from non-resident individuals and small businesses, many are caught unaware of the changing state tax landscape. Make sure this doesn't happen to you.

Identity theft is reaching all-time levels. How can you protect your Social Security number from being stolen?

While Roth IRAs are funded in after-tax dollars, making a mistake on withdrawing funds could still subject you to tax and penalties on withdrawal of earnings. Here are some tips.

Here are nine areas of income that are often questioned by taxpayers regarding their taxability. Some items are taxable, others are not. Here is what you need to know.

If selling a stock or mutual fund to book a loss for your tax return, the wash sale rules are worth knowing. For the unaware, this rule could cost you a loss deduction.

Rebalancing your portfolio when you get older makes sense. So does anticipating for these possible tax surprises during your retirement years.

If you have not already done so, please plan to make your 1st and/or 2nd quarter estimated tax payment(s). The due date is Wednesday, July 15, 2020.