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Don’t miss out on the "saver's credit"

If you’re not sure what the “saver’s credit” is, you’re not alone. Members of the Senate Finance Committee believe many people who are eligible to claim the credit are unaware of its existence. Here’s what you need to know: *The...

Tick-tock. Time Is Almost Up.

What happens if you fail to file your return by October 15, the extended due date? One consequence: Unless a disaster-relief exception applies or you have a valid reason, you may be charged penalties and interest.

Tax Tip for Working Parents

If you work and pay for child care, you may be eligible for the child care credit.  Also, your employeer may allow you to set aside part of your salary tax-free to pay for child care expenses.  You may even be eligible for the earned income credit.  Don’t...

The Importance of Midyear Tax Planning From Greg Simons

We have become accustomed to an ever-changing tax code.  Learning new rules every year is a standard requirement for effective tax planning. This year, however, the situation is more complicated. The Bush-era tax cuts (passed in 2001 and 2003 and extended for two...