Archive | December, 2016

Washington Hotline – December 27, 2016

WASHINGTON NEWS Saver’s Tax Credit for Retirement In IR-2016-171 the IRS encouraged low and middle-income taxpayers to take advantage of the Saver’s Tax Credit. This credit helps workers contribute $2,000 to IRAs or 401(k) plans. The maximum credit is $1,000 ($2,000 for married couples). In 2015 there were 7.9 million taxpayers who claimed the Saver’s […]

Continue Reading

Identity Theft and Taxes

Identity theft is one of the fastest growing crimes in America affecting millions of unsuspecting individuals each year. A dishonest person who has your Social Security number can use it to obtain tax and other financial and personal information about you. Identity thieves can get your Social Security number by: Stealing wallets, purses, and your […]

Continue Reading

Back to School Bonus: Interest Rates Drop on Federal Student Loans

Families with students heading off to college this fall take note: The interest rates on all newly-issued federal loans have been reduced for the coming academic year — but those reductions are much more pronounced for student borrowers than for their parents.1 For instance, the interest rate on Stafford subsidized and unsubsidized loans for undergraduates […]

Continue Reading