Posts from March, 2017

  • It's Not Too Late to Make Retirement Account Contributions If you haven’t already funded your retirement account for 2016, you may still do so. You have until April 17, 2017 for contributions to a traditional IRA, deductible or not, and to a Roth IRA. Your total contributions to all your traditional and Roth IRAs can’t be more than ... Continue Reading
  • Working Grandparents May Be Eligible for Earned Income Tax Credit (EITC) The Internal Revenue Service wants working grandparents raising grandchildren to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify. What is the EITC? The EITC is a federal income tax credit for workers who don’t earn a high income ... Continue Reading
  • Health Insurance: You May Qualify For a Special Enrollment Period You may qualify for a Special Enrollment Period if you or anyone in your household experienced these changes within the past 60 days : Did you get married? Pick a plan by the last day of the month and your coverage can start the first day of the next month. Have you had a ... Continue Reading
  • Watch out for IRS Impersonation Telephone Scams An aggressive and sophisticated phone scam targeting taxpayers, including recent immigrants, has been making the rounds throughout the country. Callers claim to be employees of the IRS, but are not. These con artists can sound convincing when they call. They use fake names ... Continue Reading
  • Upcoming Tax Deadlines March We 1 Farmers and fishermen: File Form 1040 and pay any tax due. However, you have until Apr 18 to file if you paid your 2016 estimated tax payments by Jan 17, 2017. Th 2 Applicable Large Employers provide Forms 1095-C to full time employees; For all other providers of ... Continue Reading