Weekly Tax Tips of EZ Online Taxes

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August 1, 2022: Great Tax Reduction Ideas

There are numerous retirement plans that can help you reduce your taxable income. Employer-sponsored 401(k), 403(b), and SIMPLE IRA plans are among the most common examples of IRAs. The annual contribution limit for each plan is set, and if you don’t use it, it is lost. Look through your options and utilize the taxes advantages to their fullest extent in each plan.… Read more

August 8, 2022: Some Tax Changes for 2022

In 2022, you need to be aware that many banks, stockbrokers, and even employers will be making their tax forms available online. Due to rising costs for mailing forms, keep a close eye on your e-mail starting about mid-January. Take a look at your 2021 tax return, and see what W-2’s and 1099’s were required for your return. Read more...

August 22, 2022: Teacher Back to School Deductions

The back-to-school advertising blitz is well underway, and the summer season is coming to an end. In addition to paying for school supplies, there are other things you can purchase to save money. Here are some methods you can use. For the year, 2022, the IRS has added several items that can be deducted and/or qualifies for the teachers classroom deduction. This addition is something new for teachers, and as long as they’re not reimbursed by the school district  Read more…