Tax Season doesn't need to be something to dread. Check out our updates and tips!
With a busy Tax Season under way, the IRS stands ready to help. But with budget and staff cuts creating more pressure, they hope more people will turn to www.IRS.gov for assistance. Here, you can find all sorts of information, forms and resources, including helpful YouTube videos.
The standard deductions for 2013 are:
In most cases, the Affordable Care Act will not affect 2013 tax returns. Next year, when filing 2014 taxes, the individual shared responsibility provision and premium tax credit might play a role in your filing.
The IRS has several ways to help people file for free.
The IRS knows you're eager for your refund. The fastest way to receive it is to file electronically. If you mail a paper return, the refund slows down considerably.
If you file electronically, you can start checking the status of your refund within 24 hours. (If you mailed your return, you must wait 4 weeks to start checking.) For more information, visit "Where's My Refund?" at www.irs.gov/Refunds
There are plenty of advantages to Term Life Insurance, starting with its affordable cost. But another welcome advantage is its tax-free status (according to current tax laws). Your beneficiaries receive the full amount of the policy, and are not subject to tax. They get the entire amount to use as they please.
While you're preparing your taxes and have your financial hat on, why not use this as the time to purchase a term life policy or review your current coverage? Our licensed agents will be happy to discuss your needs and budget at no cost, and with no sales pressure.