by Logan Creek Creative | Dec 1, 2021 | TAX TIPS
At the end of the year you will be inundated with commercials to donate a vehicle to charity. While it is one of the biggest contributions a taxpayer can make, if not done carefully, the tax deduction of a donated vehicle could be a lot lower than you think. The rule...
by Logan Creek Creative | Nov 15, 2021 | TAX TIPS
While each retirement plan has similar early withdrawal penalty exemptions, they are not all alike. Knowing these subtle differences within 401(k) plans can help you avoid a 10 percent tax penalty if you take money out of the plan prior to reaching age 59 1/2. This is...
by Logan Creek Creative | Nov 8, 2021 | TAX TIPS, Uncategorized
Is it really the IRS? Four tips to ensure your security Pretending to be an IRS agent is one of the favorite tactics of scam artists, according to the Better Business Bureau. The con artists impersonate the IRS to either intimidate people into making payments over the...
by Logan Creek Creative | Oct 29, 2021 | TAX TIPS
A Dozen Tax Planning Triggers With all the tax law changes over the past few years, here are some things that should trigger you to conduct a full tax planning session to ensure your tax bill is not higher than it needs to be. 1. You owed tax in 2020. Having a...
by Logan Creek Creative | Oct 22, 2021 | TAX TIPS
Employee Tax-Free Income While most income received from your employer quickly ends up on a W-2 tax form at the end of the year, here are some common employee benefits that often avoid the impact of Federal taxes. Health Benefits. While now reported on W-2’s,...
by Logan Creek Creative | Oct 14, 2021 | TAX TIPS
REPAY MY IRA We all know the adverse financial impact of the pandemic on many Americans. Congress has enacted several laws designed to help bridge the financial gap. One of these laws may allow you to reduce your tax burden for 2020 and replenish your retirement...
