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FREE TAX TIPS

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These informal hints and tips will help you understand more about your taxes, how to reduce your tax liability, and how to plan your personal or business activities.

However, it is important you understand the Internal Revenue Code contains thousands of pages of complex regulations. It is to your benefit to have the tax professionals at S&R Gladden or an affiliated agency prepare your taxes for you. Knowledgeable tax specialists can help reduce your tax liability, increase your tax refund, and with our CASH IN A FLASH REFUND® program, get your money to you sooner!


 

TAX TIP #1:
A married couple filing a joint return can contribute up to $4500 or more to each of their IRAs, even if one spouse had little or no income.

TAX TIP #2:
If a qualifying child lives with you and you expect to qualify for the earned income credit, you may be able to receive part of the credit in each paycheck.

TAX TIP #3:
When a joint return is filed and only one spouse is obligated to pay past-due child and spousal support or a federal debt, the spouse who is not obligated for the debt can be considered an injured spouse. An injured spouse can obtain a refund for his/her share of the overpayment that would otherwise be used to pay the past-due amount.

TAX TIP #4:
Seven states have no state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. New Hampshire and Tennessee only tax dividend and interest income.

 

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S&R Gladden is a professional income tax preparation service with locations in Greensboro and Reidsville, NC.
We do IRS income taxes, North Carolina state taxes. Call 336-370-9950 for details and the S&R Gladden location nearest you.