Category: Tax Tips
Social Security Secrets: Part 9, Last Of Series
Today we conclude our series, crucial to anyone approaching age 62 or older, on Social Security.
It is tremendously complicated, especially for couples when they both have worked. The Maffe Financial Group has specialists who have closely studied the ins and outs of Social Security and have allowed me to videotape a [...]
Millions $$$ Await Those Who Have Yet To File 2006 Federal Tax Returns
Unclaimed refunds totaling approximately $18.7 million are awaiting about 15,500 Connecticut taxpayers who did not file a federal income tax return for 2006. To collect the money, a return for 2006 must be filed with the IRS no later than April 15, 2010.
“In Connecticut, the IRS estimates that half of those who could claim refunds [...]
Social Security Secrets: Part 8
Today we continue our new series, this one crucial to anyone approaching age 62 or older – Social Security.
It is tremendously complicated, especially for couples when they both have worked. Making the right decisions could add or take away as much as $400,000 to your income stream from Social Security. The Maffe Financial Group has [...]
Five Conn IRS Offices Open This Saturday
Five Connecticut IRS Offices will be open Saturday February 20 for special assistannce and to answer tax questions.
IRS staff will provide assistance for taxpayers dealing with difficult economic times.
In order to assist taxpayers, five IRS Taxpayer Assistance Centers (TACs) are open on Saturday, February 20, 2010 from 9:00 a.m. to 2:00 p.m. in the following Connecticut locations:
Bridgeport [...]
IRS Refund? Do NOT Take Refund Anticipation Loan
Consumers who overpaid their income tax in 2009 and are anxious to get their refunds are the target of refund anticipation loan advertisements.
The Association of Independent Consumer Credit Counseling Agencies (AICCCA) says that consumers should resist the temptation of these loans and decide the best way to use the money for their personal financial situation. I totally agree.
The appeal [...]
IRS Tax Laws: Fact And Fiction
It’s tax time, which means it’s once again time to bust a few tax-filing myths.
Here, courtesy of Money Adviser, the monthly newsletter put out by Consumer Reports, are some common misconceptions.
Married couples should always file jointly. Couples who can no longer claim dependent children might be better off filing separately, Money Adviser says. The same [...]
IRA Roth Conversion: Pluses And Minuses
This is the year that those in the higher income brackets with traditional IRA plans need to look at the pluses and minuses of a unique opportunity to convert the IRA into a Roth IRA.
Robert A. Laraia, a West Hartford certified planner who has studied the conversion, says it it highly unlikely that there will again be another opportunity [...]
Social Security Secrets: Part 5
Today we continue our new series, this one crucial to anyone approaching age 62 or older – Social Security. It is tremendously complicated, especially for couples when they both have worked. Making the right decisions could add or take away as much as $400,000 to your income stream from Social Security. The Maffe Financial Group [...]
Expanded Earned Income Tax Credit Available For Millions Of People
An expanded Earned Income Tax Credit (EITC) means larger families will qualify for a larger credit, offering greater relief for people who struggled through difficult financial times last year.
The IRS and the Treasury Department marked EITC Awareness Day as their partners nationwide worked to highlight the availability of this important tax credit. EITC, which is [...]
Haiti Donations: Deductible For 2009 Taxes
People who give to charities providing earthquake relief in Haiti can claim these donations on the tax return they are completing this season.
“Americans have opened their hearts to help those affected by the Haiti earthquake,” said IRS Commissioner Doug Shulman.” This new law provides an immediate tax benefit for the many taxpayers who have made [...]
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