JH Tax Talk

Take Credit for Your Retirement Contributions

The Saver's Credit is literally free money that the government is willing to give you in exchange for putting money away for retirement; the money you contribute is tax-deferred AND you get a tax credit for doing so, creating the ultimate win-win situation.


It’s March – Do You Know Where Your Tax Refund Is?

Understandably, the most common question taxpayers have is: “Where’s my refund?” If you are due a refund from your federal or state taxes, you'll want to know when you can expect that direct deposit to hit your account or your refund check to arrive. But waiting can be nerve-wracking...

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When Should You File Your Taxes? Now. As in Right Now!

What may be your biggest paycheck of the year is on the horizon! Tax season officially began Monday, January 29, when the IRS started accepting returns for the 2017 tax year. By taking advantage of every possible tax break, you can minimize your tax liability and potentially net yourself a larger tax refund. We get it: Taxes and procrastination are a natural combination. Let’s change that – now is the time to get motivated!

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Don’t Miss Out on These Top Seven 1099-Reporting Deductions

The sharing economy can be lucrative! More and more people are entering the sharing economy at a record pace. Whether ridesharing such as Uber or Lyft, apartment- or house-renting using Airbnb, crowdfunding with Kickstarter, knowledge-sharing through TaskRabbit, or even your online store through Etsy, the funds you receive are income.

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Presidents Day: Taxes Have Been Certain, But Far From Consistent

Did you know, most of the taxes we pay today have been around for less than half of our country's history? Have you ever wondered ‘why or why do I have to pay taxes?’ On this Presidents Day, we flip through the pages of history to discuss how we got here. Grab a snack and settle in…

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Are You Eligible for One of the Biggest Tax Credits Available?

You may be missing out on thousands of dollars in tax credits and not even know it. According to the IRS, one in five eligible people miss out on claiming the Earned Income Tax Credit (EITC), each year. Many of the people who could use that extra money the most are the ones missing out on a tax credit worth up to $6,318. And that's possibly a big miss!

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Happy 2018! Six Tax Prep Tips for Your Best Tax Return

While you’re thinking about your resolutions to improve your health or making professional strides for the New Year, don’t forget about your financial well-being. It’s time to start getting organized and focused on your taxes for 2017 and planning for 2018, especially given recent tax reform. Whether you self-file or use a tax pro, here are some tips on getting ready to file, seeing the biggest refund you deserve, and protecting yourself all at the same time

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File Your Tax Return with a Tax Pro to Maximize Your Refund

It’s that time of year again: W-2 and 1099 forms are on their way to you. As you prep for tax season, do you ever wonder whether you’ve forgotten something and missed out on a larger tax refund?

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2017 Tax Reform

The 2017 Tax Cuts and Jobs Act is the most extensive update to the U.S. tax code in more than 30 years. The bill makes major changes to the tax code for individuals and businesses and provides sweeping tax changes along all social and economic lines.

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Use It or Lose It: Spend Your 2017 FSA Money

It’s your money. It’s your hard-earned, pretax dollars sitting in an account. It’s yours … but only for a limited amount of time. That’s the gift and the curse of a Flexible Spending Account (FSA). In most cases, your time is up at the end of the calendar year and your contributed dollars are gone – just like that. (No, you do not get it back!)

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Eight Year-End Tips to Get a Bigger Refund

Have you wondered how much you’ve overpaid in taxes this year? If so, you likely want to do all you can to get as big a refund (or pay as little) as possible. As we inch closer to the end of 2017, now is the time to review what moves can and should be made during the last few weeks of the year. It’s not too late to make financial moves that can increase your refund! Take control and be proactive with this list of eight tax tips for your 2017 tax return.

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Only You Can Prevent Tax Refund Fraud

Well, maybe not only you, but a large part of the prevention starts with you. We live in an increasingly digital world, and there is no turning back – not that we’d want to, anyway; everyday tasks are made easier through new technology. Ideally, the benefits of technology far outweigh the risks, consequences, and inconveniences.

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Simplification, Not Made Easy

The Tax Cuts and Jobs Act, dubbed as a simplification proposal, is anything but simple. The President and his administration have been pushing the massive tax overhaul as a plan aimed at helping the working middle class. The administration and congressional Republicans describe this tax plan as a key ingredient in the recipe for faster economic growth by reforming the tax code. While both the House and Senate proposals double the standard deduction, lower tax rates across the board, cut the corporate tax rate to 20 percent, and eliminate some other deductions, they both contain other elements that favor the hardest working Americans.

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Will the Newly Signed Disaster Tax Relief and Airport and Airway Extension Act Affect You?

Millions of Americans who have been devastated by hurricanes Harvey, Irma or Maria should see additional help from new tax assistance signed into law last week.

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Trump’s Tax Relief and Simplification for American Families: What You Need to Know

On September 27, Trump released a tax plan that has a lot of good ideas for the hardest working Americans with reduced rates and increased deductions that should improve their tax situation.

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Don’t Overpay! Most Commonly Overlooked Tax Credits and Deductions

It is officially tax season, and although there is a lot of talk right now about tax reform, those changes are for next year’s taxes. For right now, what you should do is find all the credits and deductions available to you to reduce this year’s taxes!

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