by Naveed Lodhi | Feb 2, 2023 | Tax Tips & Planning
Did you know it is important to keep copies of your tax returns? Why do you need a copy of your tax return? All taxpayers have three years to amend their tax returns, which means you will want to keep those records for at least that long. Retaining your tax returns...
by Naveed Lodhi | Jan 16, 2023 | Personal Finance
If you are like most people, you are expecting a hefty tax refund from the IRS. With the average refund being thousands of dollars, there will soon be a lot of money sloshing around the economy. If you are one of those lucky taxpayers, you are probably already...
by Naveed Lodhi | Jan 13, 2023 | Tax Tips & Planning
The new tax credit can help residents of the state of Washington get back more money at tax time. Beginning February 1st, eligible workers can claim the Working Families Tax Credit (WFTC) and get up to $1,200. How do I apply? All applications must be received by...
by Naveed Lodhi | Jan 13, 2023 | Tax Tips & Planning
It’s super ez! Virginia’s just ramped up it’s Standard Deduction. This year, Virginia residents are in luck. Filers can save a lot more money because the standard deduction amount for the State of Virginia has almost DOUBLED. And, as you may already know, one of the...
by Naveed Lodhi | Dec 30, 2022 | Tax Tips & Planning
It’s almost time to start doing your taxes. To ensure things go smoothly, there are some important steps you need to take before you file. Gather your receipts and tax documents You can expect your W2s, most 1099s and 1098 forms to arrive by January 31st. If...