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Why Every Week is ‘Mob Week’ for Connecticut Taxpayers

Posted in Tax News on July 29, 2012

This week is Mob Week on AMC. We get to watch classic Mob movies like The Godfather, Scarface and The Untouchables. Unfortunately every week is Mob Week for Connecticut taxpayers. In 2011 the State of Connecticut passed their…

Tagged with: 401(k) Plan, AMC, CHET, Connecticut Estate Tax, Connecticut Income Tax, Connecticut municipal bonds, Connecticut Sales tax, Connecticut Self-Employed, Connecticut Taxpayers, Eddie Lampert, ESL Investments, estate tax, Income Tax, ira, Michael Corleone, Mob Week, Municipal Bonds, Roth 401(k) Plan, roth ira, Scarface, Self-Employed, SIMPLE Plan, Social Security Tax, The Godfather, The Untouchables, Unincorporated Business

7 Easy Ways to Decrease Your Income Tax and Keep More Money

Posted in Tax News on July 24, 2012

1) Maximize Your Contributions to Your 401(k) Plan Many employers will offer a 401(k) plan. Employees need to take advantage of this plan. This will likely be one of the cornerstones of your retirement plan. If your employer offers a…

Tagged with: 401(k) Plan, 529 Plan, Appreciated Property, Bonds, Capital Gains, Charitable Contribution, College Savings 529 Plan, Congress, Connecticut Income Tax, Connecticut Labor Department, Connecticut municipal bonds, Donation, Income Tax, ira, Long Term Capital Gains, Municipal Bonds, Mutual Funds, Ordinary Income, Required Minimum Distribution, retirement plan, RMD, roth conversion, roth ira, Short Term Capital Gains, Stocks, Tax Deduction, Wealth Transfer

Why The New Medicare Tax May Cost You More Money

Posted in Tax News on June 26, 2012

Current Medicare Tax Currently taxpayers pay 1.45% Medicare Tax on their earned income. This is from a W-2 for employees and net-income from self-employed individuals. The employee pays this amount and the employer matches it, therefore they remit 2.9% to…

Tagged with: 401(k), Affordable Care Act, annuities, Capital Gains, Dividends, Employee, Employer, Form W-2, Health Care Reform, Income Tax, income tax withholding, Interest, ira, Married Filing Jointly, Medicare Tax, Municipal Bonds, Passive Income, Pension, primary residence, Principal Residence, Profit Sharing Plan, Royalties, Self-Employed, Single, Sub S, Subchapter S, Subchapter S Corporation, tax-free bonds, Unearned Income Medicare Contribution Tax, Withholding

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

Seven Things Every Taxpayer Should Know

Posted in Tax News on January 14, 2011

1. Know Your Tax Bracket This is where every taxpayer needs to start. What is your tax bracket? If you don’t know this number, just pull out your tax return from last year. Look at the taxable income and look…

Tagged with: 401(k) Plan, Alternative Minimum Tax, AMT, Capital Gains, CPA, Dependent Care Benefit Plan, Employee Business Expense, Estate Plan, estate tax, Estate Tax Exclusion, Income Tax, ira, Municipal Bonds, Rental Property, roth ira, Self-Employed, Stock Options, Tax Books and Records, Tax Bracket, tax planning, Tax-Deferred, Tax-Free, Taxpayer

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

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7 Easy Ways to Decrease Your Income Tax and Keep More Money

State of Connecticut 2011 Income Tax Increase

Seven Things Every Taxpayer Should Know

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

Blog Archives

Why Every Week is ‘Mob Week’ for Connecticut Taxpayers

7 Easy Ways to Decrease Your Income Tax and Keep More Money

Why The New Medicare Tax May Cost You More Money

State of Connecticut 2011 Income Tax Increase

Seven Things Every Taxpayer Should Know

Search

Links

Latest News

Categories

Get Free Tax Tips

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