Key Tax Changes for 2014
Obamacare tax subsidy – individuals who purchase health insurance through the Exchange and are eligible based on income may receive a subsidy. This subsidy is… Read More »Key Tax Changes for 2014
Individual
Individual Federal and State Tax Tips by Hedley & Co. CPA with offices in Clifton Park, NY serving Saratoga County, Albany County Schenectady county and beyond. We help prepare individual tax returns year round. Tax planning is an essential part of your tax preparation.
Why Borrowing from your 401K May Not be a Good Idea
Plan Loan PITFALL Before you borrow from your 401(k) plan account, it’s important to understand what you might be up against if you leave your… Read More »Why Borrowing from your 401K May Not be a Good Idea
Family Finances
The Federal Reserve Board recently released the findings from its 2013 Survey of Consumer Finances. The study is conducted every three years to collect information… Read More »Family Finances
Do you need to pay Alternative Minimum Tax (AMT)
The Alternative Minimum Tax (AMT) is designed to force many affluent taxpayers who qualify for certain exemptions to pay a greater share of taxes. Though… Read More »Do you need to pay Alternative Minimum Tax (AMT)
Make a Move, Score a TAX BREAK
Everybody likes tax breaks. For many taxpayers, the tax break they get on the gain from selling a home is one of the most valuable… Read More »Make a Move, Score a TAX BREAK
Severance Pay Subject to FICA
Chalk one up for the IRS. In a much-watched case, the U.S. Supreme Court recently ruled* that severance payments are wages subject to Social Security… Read More »Severance Pay Subject to FICA
PROTECTING What’s Yours
You’ve worked hard for what you have. So it’s well worth the time to periodically make sure you’ve adequately protected your assets against the possibility… Read More »PROTECTING What’s Yours
Divorce and Finances – Why It’s Important to have Financial Planning During a Divorce
During a divorce, it’s easy to get caught up in what is happening in the moment and not plan adequately for the future. A… Read More »Divorce and Finances – Why It’s Important to have Financial Planning During a Divorce
Women Lack Life Insurance
Women comprise almost half the U.S. labor force, and their contributions to family finances are more important than ever.(1) A record 40% of households with… Read More »Women Lack Life Insurance
Income Tax Q&A – Checking on your income tax refund
I never received my 2012 income-tax refund from the IRS in the mail. What should I do? To find out about your refund, try… Read More »Income Tax Q&A – Checking on your income tax refund