Four Things to Consider Now for the Upcoming Tax Season
It’s November already. How can that be possible? The more important question is what are you going to do about it? Although it seems like the last tax season just ended a few months ago, the next tax season is just a few weeks away. That means you should already be preparing for your inevitable tax return. So what can you do to start getting ready?
There are many different things to start thinking about if you’re looking to get started on tax preparation right now. One of those things is to consider a Roth IRA. It might be a good idea for some taxpayers to convert their traditional Roth IRA, which is filled with pre-tax money into an after-tax Roth IRA, because those profits can be withdrawn tax-free.
Another thing that could come into play a lot this year is how taxes will affect those in same-sex marriages. Anyone who has filed previous tax returns as a single because their relationship was not recognized in their state can now go back and file amended returns. If you fall into this category then start looking into those past returns now.
Last, but not least, another important item to consider is penalties from Obamacare. For those who did not have health insurance this year the fine has gone up considerably from last year. While it is too late to sign up for insurance for the last 10 months, you can file for a hardship exemption.
The bottom line is it’s time to get ready for taxes. Contact GROCO now for more help with your taxes for the upcoming season. We will get you ready. Click here or call 1-877-CPA-2006.
The Top Benefits of Floating Therapy
The Top Benefits of Floating Therapy Have you ever felt so good that you “feel like you’re walking on air?” Of course, that’s just an expression, but what if you could get that kind of feeling in a real-world experience? Life is stressful and people are always looking for new ways to catch a breather,…
Why Is Google Getting Serious About Hardware?
Why Is Google Getting Serious About Hardware? Everyone knows Google is the leading search engine, but its ventures into hardware have so far been a mixed bag of results. The company made its intentions clear back when the smartphone era was in its infancy, declaring it would not get into the business of making hardware.…
The Most Valuable Coins in the U.S.
The Most Valuable Coins in the U.S. Are you a coin collector? Maybe you’re looking for a new hobby and valuable coins sounds like it could be right up your alley. Some collectors do it simply for a hobby, while others collect with a goal to make money. Whatever the reason, any coin collector can…
Best Amusement Parks to Visit This Fall
Best Amusement Parks to Visit This Fall Summer is over and vacation season has come to an end, but that doesn’t mean you won’t have any future opportunities for a getaway this fall. There are some great places you can visit if you’re looking for a little break from the ordinary this fall, including numerous…