Five Tax Efficiency Strategies for Central PA Planners
Anyone else attend a lot of Central PA graduation ceremonies and parties this past weekend? This time of year seems to be bursting with them. The thing that strikes me about a graduation is not simply the commemoration of all the hard work these students put in to get there. It’s the collective looking ahead […]
529 College Savings Plan: The Tax Savvy Option for Central PA Families
The government likes to pat itself on the shoulder anytime it sort of gets things right. This year, post-tax season, they’re preening over the new, free IRS Direct File program. It did come in under budget and seemed to work for the scanty 114K people who used it, I’ll give them that. But critics are asking […]
Nailed It Business Services’s 2024 Tax Season Gratitude List-Topper: YOU
That’s the bell marking the end of the 2024 tax season (with a few exceptions). Yes, we’re pretty whipped over here at Nailed It Business Services. Every tax season brings its own challenges, and there were definitely a few for us in the 2024 tax season. But… even though we’re tired and had some yank-our-hair-out […]
Tina Nail’s Insights on Being a Financial Caregiver
And just like that, Tax Day is a week (or less, depending on when you’re reading this) away. Remember back in January when I said it would be here before you could blink? If you’re one of those who are waiting until the last minute, and my reminders haven’t been enough to put fire under […]
Tina Nail’s Guide to Filing an IRS Tax Extension
Did you experience any good April Fool’s jokes this week? I always love to hear about a good prank. Here’s one that’s actually not a joke (sorry)… We’re in the final stretch leading up to the April 15th personal filing deadline. It’s our Game 7 around here, and we’re working our tails off for you […]
10 Life Change Events You Should Share with Your Central PA Tax Pro
Three weeks. Yeah, that’s roughly how long until April 15. If you’ve already filed your return, don’t check out – today’s article will help you know if you need to do things differently on next year’s return. But if you haven’t yet prepared your taxes… well, you’re like 20-25 percent of the rest of America […]
3 Common Tax Return Mistakes Central PA People Can Easily Avoid
According to a survey by the American Cleaning Institute, 80% of Americans plan to spring clean this year. What’s funny is that same percentage of people would rather spring clean than take care of their taxes. I get it. While I understand that sentiment (taxes take some very focused attention to get them done right), I […]
5 Income Tax Deductions Central PA Taxpayers Overlook
Are we out of the inflation hole yet? (A curious mind wants to know…) Well, according to the Fed, they’re waiting a little bit longer to confirm that. The good news for now is no new interest rate hikes and maybe even some cuts down the road. That spells good things for the country’s wallet, and […]
Nailed It Business Services’s Top Tax Credits for a Newly Single Parent List
Last week, the IRS debunked some myths on 1099-K reporting. Remember, the IRS is planning to phase into the $600 reporting threshold for PayPal, Venmo, et al. Here’s how that breaks down (as of this writing): – Nothing will change for 2023. The threshold is still 20K in payments for over 200 transactions. – Next year (2024 […]
Eleven Ways Central PA People Can Improve Financially Security
These days, I’m often glad that it’s our busy tax filing season, so that I have an easy excuse when political conversations are happening: Oh THAT [crazy new political story]? Huh, didn’t see it — I’m too busy with tax season. With all of the chaos out there, it’s helpful to try to tune out […]
