News from Simplitax

Three questions you may have since filing your return

Three questions you may have since filing your return   Once your 2018 tax return has been successfully filed with the IRS, you may still have […]

Did you know Medicare premiums could lower your tax bill?

If you’re covered by Medicare, you know it can be confusing. Did you know that if you qualify, you may be able to deduct the cost of premiums along with other medical costs, on your tax return?

Make a deductible IRA contribution for 2018. It’s not too late!

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2018 tax year between now and the tax filing deadline and claim the write-off on your 2018 return.

Still working after age 70½?

Still working after age 70½? You may not have to begin 401(k) withdrawals.   If you participate in a qualified retirement plan, such as a 401(k), […]

The 2018 gift tax return deadline is almost here

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would be beneficial even if it isn’t required