Wondering what you might be missing out on with your MN tax refund? Here we hope to share some info that will save you some money this year! Income Tax Minnesota income tax ranges from 5.35-9.85%, some of the highest in the country. Below is a breakdown for people filing as “single” for the 2016 […]
Taxes for Individuals
Tax Law Updates for Individuals and Businesses
Filing season for our 2016 taxes opened January 23, 2017, and because of a holiday, the deadline for filing is April 18th this year. As we await our last W2s and 1099s, hopefully some of us are expecting a return! What new tax laws are in store for our 2016 tax filing? What tax law […]
Record Keeping How-To for Individuals
How many shoe boxes full of receipts do you have? How many year’s worth are up in that closet, or would you rather not think about it? The question for many people about record retention, for themselves or for the family, is how long do I possibly need to save all that stuff? One year? […]
Senior Tax Credit for the Elderly or Disabled
We’d all like less taxes to pay, so we try to take advantage of all the deductions and credits that we can. But our lives change, and the tax code changes, and it’s sometimes difficult to determine if we’re really on top of our tax-game. This post will focus on the tax credit for the […]
How to File a Tax Extension for Businesses and Individuals
Updated April 2018 Sometimes we aren’t quite as prepared for tax time as we’d like to be! Which is why knowing how to file a tax extension comes in handy. Tax payments however, except in a few special cases, cannot be granted a time extension and the due date is April 18 (for individuals) to […]
Understanding State Tax Law for Individuals in Illinois
Each state has slightly different tax laws for individuals, so we will cover some of the most important basics of Illinois state tax law here to give you a better understanding of your tax return, and tax savings you might be missing out on! Side note: your tax refund may take a little longer to […]