January 1, 2017 – California state sales and use rate will decrease by 0.25% The California State Board of Equalization announced that, as of this date, the 0.25% increase in the statewide sales […]
First things first, a 529 plan is a state or educational institution savings plan created to help families save for college! Almost every state has an available 529 plan, and they can […]
Planning on selling your home? You may qualify for a deduction that every homeowner should know about. The $250,000/$500,000 exclusion is an extremely valuable tax law for homeowners. So, how do you […]
Are you a generous person? If you’re someone who loves the act of gift giving, you may have heard of the gift tax. The federal gift tax applies to those who have […]
Everyone knows that putting money away for retirement is a smart idea. But what if something was standing in the way of building that nest egg? A recent poll from AICPA shows […]
Still haven’t filed your taxes yet? Time is running out! Monday, April 18th is the last day to file taxes for 2015. Why the later date? The Capitol will be celebrating Emancipation […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
