At the beginning of the year ask your tax professional to estimate your tax bill. Then, each quarter, compare your current withholding to the estimate.
Know what to keep—and what to toss.
Tax audits are rare, only 1% chance, but it can be stressful. Steps to avoid IRS scrutiny: hire a tax preparer/CPA, stay current, include income, be accurate.
Plan ahead to minimize, or even avoid, taxes on your Social Security benefits. Learn how to build a tax-sensitive retirement income plan.
Knowing how the tax rules are shifting can help you make better decisions throughout the year.
If you're one who likes to support worthy causes, make sure to take advantage of the tax benefits that come with your gifts.
Don’t get caught up in a tax fraud scam. Spot these shady schemes before they cost you penalties and back taxes.
Remember that a bonus, like your earned income from the rest of the year, will likely be taxed by Uncle Sam.