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    Avantage Announcements

    Read our latest blog posts and get into the tax details immediately.
    How Americans can save thousands more dollars in tax-advantaged retirement plans in 2023?
    26Oct
    How Americans can save thousands more dollars in tax-advantaged retirement plans in 2023?
    Millions of Americans will be able to save more in retirement accounts next year—because of the inflation adjustments made Friday by the Internal Revenue Service. Employees will see their 401(k) contribution limit jump $2,000 to $22,500 for 2023, the largest increase ever in terms of dollars and percentage, according to benefits provider Milliman. About 60...
    Seven Steps to Lower Your Taxes
    26Sep
    Seven Steps to Lower Your Taxes
    Everyone has heard that death and taxes are unavoidable. Death is unavoidable, but taxes are not. With little tax planning, you can owe the IRS less money at the end of the year. Here are seven fundamental tax-saving measures you can take to lower your taxable income and the taxes you’ll owe. They do not...
    Top Six Tax Deductions for Seniors and Retirees
    24Aug
    Top Six Tax Deductions for Seniors and Retirees
    Standard Deduction Every taxpayer has the option of claiming the standard deduction or itemising deductions on IRS Schedule A. If your personal deductions (mostly home mortgage interest, real estate taxes, charitable donations, and medical costs) are less than the standard deduction, you should take the standard deduction. In 2018, the Tax Cuts and Jobs Act,...
    The Home Office Tax Deduction
    30Jul
    The Home Office Tax Deduction
    If you meet the technical requirements of the tax law, you should be able to deduct a portion of many operating expenses associated with running your homes, such as utilities, rent, insurance, depreciation, mortgage interest, real estate taxes, and some casualty losses, repairs, and improvements (if they relate to the part of the house you...
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    Copyright by Accu-Tax. All rights reserved.