Tax Planning

Changing Your State of Residency for Tax Purposes Can Be Tricky
The Pay-Less-Tax Man

Changing Your State of Residency for Tax Purposes Can Be Tricky

In many states, an individual can qualify as a resident for tax purposes under two sets of circumstances. It’s vital to follow the rules closely.

Don’t Let the New Kiddie Tax Hurt You
Tax Planning

Don’t Let the New Kiddie Tax Hurt You

Before you put investments in a child’s name, run these numbers

Some Home Owners Could Legally Defer Their Property Taxes—Are You One?
Tax Planning

Some Home Owners Could Legally Defer Their Property Taxes—Are You One?

Two dozen states let some seniors delay paying their property tax until they sell their homes or die—a potentially huge savings.

Estate Income Tax Planning for People with No Taxable Estates
The Pay-Less-Tax Man

Estate Income Tax Planning for People with No Taxable Estates

Even if your estate won’t be big enough to owe estate tax, to save money, there are tax rules—and tax-planning moves—you should know about.

Post-Tax-Season Planning Tips for 2018
The Pay-Less-Tax Man

Post-Tax-Season Planning Tips for 2018

Now that tax season is done, here’s how to switch into tax-planning mode and make your 2018 taxes as low as possible.

Many Taxpayers Are Now Underwithholding
Tax Planning

Many Taxpayers Are Now Underwithholding

With the new tax law in effect as of 2018, you should review how much income tax you are having withheld from your paycheck in light of the changes.

A Dozen Tax Breaks for Education Expenses
The Pay-Less-Tax Man

A Dozen Tax Breaks for Education Expenses

There are many tax breaks that can save parents and students money on the cost of college, primary and secondary education. Here are 12 of them.

New Tax-Planning Opportunities for 2018—Start Making these Moves Now
The Pay-Less-Tax Man

New Tax-Planning Opportunities for 2018—Start Making these Moves Now

Even if you haven’t finished preparing your 2017 tax return, now is the time to consider these powerful tax-planning moves to reduce your taxes for 2018.

5 Strategies to Save Money Under the New Tax Law
Tax Planning

5 Strategies to Save Money Under the New Tax Law

Money-saving strategies to help you win under the new tax law when it comes to retirement accounts…deductions…home buying…borrowing...and more.

Second-Marriage Tax Considerations
The Pay-Less-Tax Man

Second-Marriage Tax Considerations

Tax issues with a second marriage are much more complex than with a first marriage. Planning beforehand can save a lot of time, worry and money later.

8 IRS Audit Flags
Tax Planning

8 IRS Audit Flags

Anyone can get audited by the IRS. An audit can be random…it can be related to a transaction you made…

Surprising Taxes on IRAs
Tax Planning

Surprising Taxes on IRAs

One of the most appealing features of a traditional individual retirement account (IRA) is that you don’t pay income tax…