by Logan Creek Creative | Apr 24, 2023 | TAX TIPS
Put Your Tax Refund to Good Use Three-fourths of filers get a tax refund every year, with the average check weighing in at $2,972* so far this tax season. Here are some ideas to put that money to good use: Pay off debt. Part (or all!) of your refund could be used to...
by Logan Creek Creative | Mar 31, 2023 | TAX TIPS
Understanding the Gift Giving Tax Excess gift giving could cause a tax surprise Tip Category: Planning In an effort to keep taxpayers from transferring wealth from one generation to the next tax-free, there are specific limits to the amount of gifts one may give to...
by Logan Creek Creative | Mar 20, 2023 | TAX TIPS
Tip Category: The Audit Each year the IRS publishes their activities in a publication called the Data Book. And each year for the past number of years the number one target of audits are those tax returns with a Schedule C for small business activity. So how can you...
by Logan Creek Creative | Mar 15, 2023 | TAX TIPS
Despite what you may think, the marriage penalty is still alive and well. Whether you’re changing your filing status in 2022 because of marriage, divorce or another event (or even if your filing status staying the same), you should review this information and plan...
by Logan Creek Creative | Mar 10, 2023 | TAX TIPS
The Tax-Free Retirement Savings Option Is a Roth IRA right for you? If you are looking for tax-free income and more flexibility during retirement, perhaps you should look into investing in a Roth IRA. While Roth IRA contributions are not sheltered from current taxes...
