How Can A 529 Plan Help You Save For College?
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 […]
Individuals
One Major Tax Law Every Homeowner Should Know About
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 […]
How To Know If You Owe Gift Tax
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 […]
Is Student Loan Debt Holding You Back?
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 […]
Deadline Approaching: April 18th is the Last Day to File Taxes
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 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 […]