Posts Tagged ‘itemized deduction’


7 Ways The 2017 Tax Bill Affects Connecticut Taxpayers

 

 

1) Decrease in Income Tax Rates

 

The 2018 income tax rates are as follows:

Single                                        Married Filing Joint 10%  up to $9,525                      Up to $19,050 12% $9,526 to $38,700               $19,051 to $77,400 22% $38,701 … Continue reading »


How to Pay Your Estimated Taxes

Paying cash

 

Many taxpayers are employees and have their income taxes withheld from their paycheck.  Every April 15th they need to settle up with Uncle Sam and their state tax department.

 

Other taxpayers may not be employees or have taxes withheld from their earnings.  These folks would need to file quarterly estimated taxes. This could include the self-employed, partners in partnerships … Continue reading »


How to Declare a Casualty Loss From Hurricane Sandy

 

Hurricane Sandy has left her mark.  This included power outages, significant property damage and, sadly loss of life.