Category Archives: Individuals


Saver’s Credit: How To Know If You Qualify

12

Apr 2016

Saver’s Credit: How To Know If You Qualify

Do you currently put money into an IRA or 401k? If so, you may qualify for the Saver’s Credit! This credit may not only reduce the tax you owe, but it also can help you save for retirement. Those who qualify for the credit must be at least 18 year old, not a full time student, and not claimed as a dependent on someone else’s…

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Get Prepped: 2016 Tax Information

07

Apr 2016

Get Prepped: 2016 Tax Information

With tax season in full swing, we’re sure the last thing you want to think about is next tax season. However, the IRS recently announced the annual inflation adjustments for the 2016 tax schedule, and it’s definitely information worth knowing. Tax rate schedules, tax tables, and cost-of-living adjustments are all on the list.    Take a look at the images below, courtesy of Forbes, for…

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Are You Eligible For An Education Credit?

28

Mar 2016

Are You Eligible For An Education Credit?

The American Opportunity Tax Credit and the Lifetime Learning Credit are the two educational credits available to those that pay for post secondary education. Those who qualify for either education credit must meet both of the following requirements: -You pay qualified education expenses for a higher education (or your spouse or a third party does) -You, yourself, or a listed dependent is a student enrolled…

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Do I Actually Have To File Taxes?

15

Mar 2016

Do I Actually Have To File Taxes?

Have you ever asked yourself, do I really have to file taxes? The short answer, most often, is yes. The long answer may surprise you. There are a select few of us who actually don’t have to file taxes, and this is dependent on your age, your income level, and your filing status. Here’s how to know if you qualify… Use this guide below, courtesy…

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2016 Tax Season is Almost Here!

08

Jan 2016

2016 Tax Season is Almost Here!

  Happy New Year! Paragon Accountants would like to announce that the 2016 tax season is almost here. The IRS will begin accepting both paper and electronic returns on Tuesday, January 19th. This year the deadline to submit your 2015 tax return is Monday, April 18th. Before you rush to file your taxes, please make sure you have all your tax paperwork ready, such as…

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How Should I File?

29

Dec 2015

How Should I File?

If you are married you have the option to file jointly or separately on your federal taxes- but which should you choose? While the IRS recommends that married couples file jointly, there are circumstances that may be a greater benefit to you if you file separate. Couples who file jointly have access to a lot of deductibles, instantly! By filing jointly, you and your spouse…

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Are You A Tax Scam Target?

15

Oct 2015

Are You A Tax Scam Target?

If you’ve read our article on tax scams, you’re aware of some of the common tactics used by frauds in attempt to steal your money. Unfortunately scammers are still out there, and fraudulent tax activity has been increasing, causing the IRS to send out a warning. Read on to find out how you can stay safe this tax season. We’ve mentioned previously that the IRS…

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New California Law will Require Employers to Provide Employees With Paid Sick Leave

31

May 2015

New California Law will Require Employers to Provide Employees With Paid Sick Leave

As of July 1st of this year, California will require all employers to provide their employees with paid sick leave (law AB 1522). Whether you’re hoping to get some paid time off, or you’re an employer looking for the details to stay in compliance – we have everything you need to know here! Here are a few notes for employers… When does the new law…

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Save Yourself from a Tax Scam

26

Mar 2015

Save Yourself from a Tax Scam

If you’ve fallen prey to a tax scam, you’re not alone. Hundreds of thousands of people have been tricked into money and identity loss by frauds posing as the IRS. With the tax deadline rapidly approaching, you’ll want to be sure you don’t get suckered in by these scammers! We’ve shared a few tips to keep in mind to make sure your money stays where…

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Tax Filing Tips for Same-Sex Couples

20

Mar 2015

Tax Filing Tips for Same-Sex Couples

A big congratulations to all the same-sex couples that got married last year! As you move forward into wedded bliss, you’ll have the opportunity to decide how to file your taxes and make the most of your financial benefits. In California, same-sex couples were allowed to legally wed as of June 2013. In August 2013, the IRS began recognizing same-sex couples as married for tax…

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