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7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return

Posted in Tax News on April 3, 2012

1) Don’t panic. The returns are due on April 17th this year. This is due to April 15th falling on the weekend and April 16th being a holiday in Washington DC. If you can’t get your return completed and filed…

Tagged with: 401(k) Plan, Connecticut, Connecticut Income Tax, Connecticut Income Tax Return, Connecticut Retailers, Connecticut Sales tax, Connecticut Taxpayer, Connecticut use tax, CT, Dividends, estimated income taxes, Estimated Taxes, extension, FBAR, Foregin Assets, Foregin Bank Account, Form 4868, form 8938, Form CT-1040-Ext, Form TD F 90-22.1, Income Tax, income tax extension, income tax planning, Income Tax Return, Interest, ira, Married Filing Jointly, Married Filing Separately, Offshore Accounts, offshore investments, Ordinary Dividends, Penalties, Retirement, roth ira, Schedule B, tax deductions, tax exte, Tax penalties, tax planning, Withholding

2012 Tax Benefits Increase Due to Inflation Adjustments

Posted in Tax News on February 22, 2012

Every year the IRS must adjust the dollar amounts of a variety of provisions which affect every taxpayer, to keep pace with inflation. New dollar amounts affecting 2012 returns, filed by most taxpayers in early 2013 include the following:

Tagged with: 401(k) Plan, 457(6) plan, Charitable Contribution, child tax credit, CPA, Dependents, Donations, Employee, estate tax, Exemption, Gift Tax, Income Tax, Inflation, Internal Revenue Service, IRS, Itemized Deductions, Mortgage Interest, Personal Exemption, Social Security, Social Security Administration, Standard Deduction, Taxpayer, thrift saving plan, wage base

State of Connecticut 2011 Income Tax Increase

Posted in Tax News on August 11, 2011

The State of Connecticut recently increased the state income tax rates. Oh, and they made them retroactive to the beginning of 2011. Don’t you Connecticut income taxpayers just love this?

Tagged with: 401(k) Plan, 529 Plan, Adjusted Gross Income, AGI, Capital Loss, CHET, Connecticut, Connecticut Estimated Income Tax, Connecticut Income Tax, Connecticut Property Tax Credit, CT, Estimated Tax, Form 1040, Form CT-1040ES, Form CT-W4, ira, Municipal, Municipal Bonds, Penalty, SEP, Simplified Employee Pension, Small Business Owner, U. S. Obligations, Withholding

The Importance of Beneficiary Designations

Posted in Tax News on April 28, 2011

When was the last time you checked your beneficiary designations for your retirement accounts that were established years ago? Beneficiaries are the individuals or entities (such as a charity) that you name to receive these assets upon your death. You…

Tagged with: 401(k) Plan, Attorney, Beneficiary, Beneficiary Designation Form, Charity, Contingent Beneficiary, CPA, Designated Beneficiary, Divorce, Estate Planning, ira, Married, Notarized, Primary Beneficiary, Profit Sharing Plan, Qualified Retirement Plan, Remarried, Retirement Accounts, retirement plan, Single, Spouse, Will

5 Reasons Everyone Should Contribute to an IRA

Posted in Tax News on February 11, 2011

Here are the five reasons everyone should contribute to an IRA. 1) Income Tax Deduction. Many taxpayers who contribute to an IRA will get a tax deduction. Some taxpayers with higher incomes that participate in a retirement plan at…

Tagged with: 401(k) Plan, Connecticut, CT, Income Tax, ira, Nondeductible IRA, Pension, Required Minimum Distribution, RMD, Tax Deduction, Tax-Deferred

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

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7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return

State of Connecticut 2011 Income Tax Increase

5 Reasons Everyone Should Contribute to an IRA

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Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return

2012 Tax Benefits Increase Due to Inflation Adjustments

State of Connecticut 2011 Income Tax Increase

The Importance of Beneficiary Designations

5 Reasons Everyone Should Contribute to an IRA

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885