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Tax Resources

Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.

Tax Rates

Retirement Contribution Limits

Tax Forms

Every taxpayer is entitled to a standard deduction ($12,000 if single, $24,000 if filing jointly).  At the minimum, a single person does not pay taxes on the first $12,000 of gross taxable income, a married couple filing jointly on the first $24,000.  For example, taxpayer has $100,000 of wages for 2018.  If taxpayer is single and under age 65, is not self-employed, does not itemize deductions, and cannot take any tax credits, taxalbe income will be $88,000, and the tax liablitly will be $15,890.  Taxpayer's Social Security (6.2%) and Medicare (1.45%) will add an additional $7,650 to the total tax bill paid.  Income goes from $100,000 (gross) down to $76,460 (net - after taxes, Social Security and Medicare). 

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. source: https://www.irs.gov/pub/irs-pdf/n1036.pdf

Tax Forms

These links will let you download the Internal Revenue Service’s most frequently requested tax forms. Clicking on one of these links will download a PDF version of the form directly from the Internal Revenue Service website.

1040
U.S. Individual Income Tax Return
Form | Instructions

1040A
U.S. Individual Income Tax Return
Form | Instructions

1040ES
Estimated Tax for Individuals. Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, or alimony).
Form & Instructions

1040EZ
U.S. Individual Income Tax Return for Single and Joint Filers with No Dependents
Form | Instructions

1040X
Amended U.S. Individual Income Tax Return
Form | Instructions

Schedule A (1040)
Itemized Deductions. If you itemize, you can deduct a part of your medical and dental expenses and un-reimbursed employee business expenses, and amounts you paid for certain taxes, interest, contributions, and miscellaneous expenses. You can also deduct certain casualty and theft losses.
Form | Instructions

Schedule B (Form 1040)
Interest and Ordinary Dividends.
Form & Instructions

Schedule C (Form 1040)
Profit or Loss from Business (Sole Proprietorship)
Form | Instructions

Schedule D (Form 1040)
Capital Gains and Losses. Use this form to report the sale or exchange of a capital asset not reported on another form or schedule, gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit, capital gain distributions not reported directly on Form 1040, and non-business bad debts.
FormInstructions

Schedule M (Form 990)
Making Work Pay Credit. Use Schedule M to figure the making work pay credit. This credit may give you a refund even if you do not owe tax.
Form

Schedule SE (Form 1040)
Self-Employment Tax. Use this form to figure the tax due on net earnings from self-employment. The Social Security Administration uses the information from Schedule SE to figure your benefits under the social security program.
Form | Instructions

W-4
Employee's Withholding Allowance Certificate. Complete this form so your employer can withhold the correct federal income tax from your pay.
Form & Instructions

W-2
Wage and Tax Statement. Every employer who pays for services performed by an employee, including noncash payments, must file a Form W-2 for each employee — even if the employee is related to the employer.
Form | Instructions

W-9
Request for Taxpayer Identification Number and Certification. Anyone who is required to file an information return with the IRS must obtain your correct taxpayer identification number (TIN) to report, for example, income paid to you, real estate transactions, mortgage interest you paid, acquisition or abandonment of secured property, cancellation of debt, or contributions you made to an IRA.
Form | Instructions

1099
Miscellaneous Income Statement. Every business that pays for services performed by a non-employee must file a copy of Form 1099 for each non-employee.
Form | Instructions

941
Employer’s Quarterly Federal Tax Return.
Form | Instructions

4868
Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. Use this form to apply for 6 more months to file Form 1040, 1040A, 1040EZ, 1040NR, 1040NR-EZ, 1040-PR, or 1040-SS.
Form & Instructions

8863
Education Credits (American Opportunity and Lifetime Learning Credits). Use this form to figure and claim tax credits for qualified education expenses paid to an eligible postsecondary educational institution.
Form | Instructions

8917
Tuition and Fees Deduction.
Form & Instructions

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.


Questions?  Email us!
Email
Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.