The 2025 tax season has arrived. From the federal income tax filing deadline to due dates for extensions and quarterly estimated tax payments, being aware of these important dates will help you stay organized for a reduced-stress tax season. In this article, we’ll...
Federal Income Taxes
What You Can Do to Avoid the Dreaded Alternative Minimum Tax
In 1969 Secretary of the Treasury Joseph W. Barr testified before Congress that 155 taxpayers with incomes exceeding $200,000.00 hadn’t paid federal income taxes in 1966. With inflation, that $200,000.00 would equal roughly $1.5 million today. Those taxpayers were able to dodge taxes by exploiting existing tax breaks and maximizing their deductions, ultimately decreasing their […]