There are various steps you can take to avoid identity theft. The first two relate to getting an Identity Protection PIN from the IRS and Wisconsin. 1. Get protection PIN from the IRS. This will prevent someone else from filing Federal taxes using your identity. To learn more click Get An Identity Protection PIN …
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Know Before You Go: The Rules for Securing an Electric Vehicle Tax Credit!
The rules depend on if you are buying a new or used. Not knowing could cost you thousands in tax savings. NEW VEHICLES Before you go any further, have you passed BOTH of these tests? If you fail either test, NO credit! Test 1The vehicle's manufacturer suggested retail price (MSRP) can't exceed: $80,000 for…
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Is There Really an Age When You No Longer Have to Pay Income and Social Security Taxes?
Unfortunately, the answer is no. There is no age at which you become exempt from paying income or Social Security taxes in the United States. Your tax obligation is determined solely by your income, not your age. The Internal Revenue Service (IRS) and Wisconsin have income thresholds that dictate whether or not you must file…
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Educator Expense Deduction helps teachers cut classroom costs
Who is an eligible educator Teachers often buy classroom supplies with their own money. The Educator Expense Deduction helps them get some of that money back. Eligible teachers and administrators can deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren't reimbursed…
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