Daily Archives June 8, 2016

2nd Quarter Estimated Tax Payments and Tax Planning for Next Year

If you make quarterly estimated tax payments, don’t forget that the 2nd quarter estimate is due on June 15th. Now is a good time to be thinking about next year’s taxes. There are several ways you can begin preparing for the 2017 tax season: 1) If you have a life change such as marriage, divorce, death of a spouse, birth of a child, a child not being claimed as a dependent anymore, or changes in your income, you should change your withholdings or quarterly estimated tax payment amounts to reflect the change. Life changes could also affect health care tax
More