As U.S. citizens, when you interact with the IRS you have certain rights, even with asking a simple question about taxes. These rights are outlined in the Taxpayer Bill of Rights. Below are the ten rights summarized with links to learn more:
The six month tax return extension is fast approaching the October 15th deadline. If you filed an extension, you can file anytime before October 15th and fully or partially pay your tax bill anytime.
If you're working on your 2016 Taxes, there is still time to contribute to your IRA (not including extensions). For most taxpayers, the contribution deadline is April 18, 2017. As long as your total contributions don't exceed the annual limit, you can contribute to a traditional IRA, Roth IRA or both.
The 2016 income phaseout ranges for determining deductibility of traditional IRA contributions are:
So, you've landed the gig-- congrats! As you start a new job, it's an exciting time filled with possibilities. It can also be slightly chaotic as you transition into your new normal. Make sure you evaluate your financial and retirement planning as you enter into a new work space.
Our checklist will walk you through simple questions to make sure your financial plan is on track.