The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving information letters at the end of January. Using the information in these letters when preparing a tax return can reduce errors and delays in processing. People receiving these…
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After close consultation with the ESUME team about our inaugural Juneteenth event on June 19, 2020, we’ve made the difficult decision to postpone the event until next year 2021. This decision is due to Covid19 and the social distancing practice. Having spent the past months preparing for this event with our team and event partners,…
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Join us from 10am to noon on Tuesday, January 15th at the Tax2Go Desoto office for our ribbon cutting ceremony hosted by the Cedar Hill Chamber of Commerce. This event is open to the public so feel free to invite family and friends. You can register to attend here. Desoto Office 1805 N Westmoreland Rd…
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Here are a few tips that will help you lower your IRS bill and avoid tax-related hassles down the line. Max out your retirement plan contributions. … Report all of your income. … Keep accurate records. … Hold investments for at least a year and a day. … When in doubt, ask a professional, contact TAX2Go today!
For 2015, 2016, 2017 and 2018, your total contributions to all of your traditional and Roth IRAs cannot be more than: $5,500 ($6,500 if you’re age 50 or older), or. your taxable compensation for the year, if your compensation was less than this dollar limit.
