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When to File Separate Tax Returns to Save Money

Posted in Tax News on September 8, 2013

Married couples have a choice when they file their income tax returns. They can file as married filing jointly or as married filing separately. Married Filing Jointly Most married couples will file a joint income tax return. There…

Tagged with: Adjusted Gross Income, AGI, Connecticut Taxpayers, Divorce, Estimated Taxes, Income Tax, Investment Expenses, job search expenses, Married Filing Jointly, Married Filing Separately, Medical Expenses, Miscellaneous Itemized Deduxtions, Property Tax Credit, Tax Preparation, unreimbursed employee expenses

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

The 5 Most Common Itemized Deductions

Posted in Tax News on September 8, 2011

Mortgage Interest—Many taxpayers can deduct their mortgage interest on their residence. However, there is a limitation on this. The interest on a primary residence can only be deducted on up to $1,000,000 mortgage and $100,000 line of credit. Points paid…

Tagged with: Adjusted Gross Income, AGI, Charitable Donations, Health Insurance, Investment Fees, Married Filing Jointly, Married Filing Separately, Medical Expenses, Miscellaneous Itemized Deductions, mortgage, Mortgage Interest, Points, Property Tax, Real Estate, Refinance, Residence, Securities, Standard Deduction, State Income Tax, Tax Preparation

Important Connecticut Witholding Tax Information for Employers

Posted in Tax News on May 19, 2011

Recently enacted legislation makes significant changes to Section 12-700(a) of the General Statutes retroactive to January 1, 2011. Employers and taxpayers need to perform catch-up withholding for the current tax year. The following is a brief overview of the changes…

Tagged with: 2011 CT Withholding Tax Table, Adjusted Gross Income, AGI, Connecticut, Connecticut Department of Revenue, Connecticut Employer, Connecticut Employers, Connecticut State Income Tax, CT, CT DRS, CT Employer, CT Withholding, Employer, Filing Status, Head of Household, Married Filing Jointly, Married Filing Separately, Single, Withholding

3 Reasons a Married Couple Should Consider Filing Separate Income Tax Returns

Posted in Tax News on December 24, 2010

Most married couples file their income tax returns jointly. However, married couples have an option—they can file married filing jointly or married filing separately. Married couples can change their filing status from year to year. The only requirement is that…

Tagged with: Adjusted Gross Income, AGI, Divorce, Employee Expenses, Filing Status, Income Tax, Investment Expenses, Itemize Deductions, Married Couple, Married Filing Jointly, Married Filing Separately, Medical Expenses, Miscellaneous Itemized Deductions, Self-Employed, Standard Deduction, Tax Preparation

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

Blog Archives

When to File Separate Tax Returns to Save Money

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

The 5 Most Common Itemized Deductions

Important Connecticut Witholding Tax Information for Employers

3 Reasons a Married Couple Should Consider Filing Separate Income Tax Returns

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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

When to File Separate Tax Returns to Save Money

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

The 5 Most Common Itemized Deductions

Important Connecticut Witholding Tax Information for Employers

3 Reasons a Married Couple Should Consider Filing Separate Income Tax Returns

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