News & Articles

2018 Income Tax Withholdings: Too Much, Too Little or Just Right?

Posted on Mon, Jan 21, 2019

Did you withhold enough money from your regular paychecks in 2018? If you withheld too little — or, didn't pay enough estimated taxes if you're self-employed — you could have an unpleasant surprise when you file your 2018 return.

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Tags: Tax Credits, Individual, Tax Cuts and Jobs Act (TCJA), Theft

Important Changes for Individuals in the New Tax Law

Posted on Tue, Jan 02, 2018

For individual taxpayers, the new tax law — commonly known as the Tax Cuts and Jobs Act (TCJA) — includes many expected changes, some unexpected ones and some that didn't make the final cut.

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Tags: Michigan State and Local Tax (SALT), Tax Rates, Long-Term Capital Gains, Individual, AMT

Financial Scrapbooking Event - April 25, 2017

Posted on Wed, Apr 19, 2017

EHTC's own Vanessa Birman, CPA, will be leading a class on "financial scrapbooking" at the Caledonia Branch of the Kent District Library on April 25, 2017. The class will offer insight on creating a scrapbook for important financial records such as insurance policies, retirement accounts and investments. The scrapbook is beneficial for financial planning, emergencies and end-of-life arrangements. This is a valuable asset to enable all documents to be stored in one location.

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Tags: Accounting, Planning, EHTC, Individual

Start the New Year With a Personal Finance Checkup

Posted on Tue, Jan 13, 2015

The lull that follows the holiday season is a time for reflection and planning. If you're like most Americans, there are several administrative chores that remain on your 2014 to-do list. Tackling them at the start of the new year will set a healthy, proactive tone going forward. Here are five simple things you can do to eliminate headaches, cut the flab and otherwise bring discipline to your personal finances in 2015:

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Tags: Tax, EHTC Article, Finance, Newsletter, Articles, Individual

Congress Extends Many Tax Breaks for Individuals

Posted on Mon, Dec 22, 2014

The Tax Increase Prevention Act of 2014, which was signed into law on December 19, renewed through 2014 a long list of personal and business federal income tax breaks that had been allowed to expire at the end of 2013. Because Congress habitually allows these breaks to expire before restoring them for a year or two, they have become known as "the extenders."

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Tags: Tax, EHTC Article, Tax Breaks, TIPA, Newsletter, Articles, Extended, Individual