Tag: irs

How to Track Your Tax Refund

How to Track Your Tax Refund

Amherst, NH Resident Looks for Answers

The IRS typically issues a tax refund within 21 days of receiving electronically filed returns and 42 days after receiving paper returns.  Mail delivery is taking longer to process so this may be delayed if you are mailing your tax return or are expecting a check by mail as your refund.  The IRS’ web site allows you to track your refund status at Get Refund Status (irs.gov).  You will need your social security and the anticipated refund amount that you are expecting.

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What Are the Tax Benefits of Marriage?

What Are the Tax Benefits of Marriage?

Litchfield, NH Newlyweds Wonder About Their Taxes

Once married, you and your spouse can file taxes jointly, which has a number of tax benefits.  If either one of you makes significantly less income, this can lower your tax bracket and reduce your tax rate.  Combining incomes will bring the partner in the higher tax bracket to a lower level, reducing the couple’s overall tax bill.  There are also more deductions available to married couples filing jointly, including a higher threshold for charitable contributions and residency gain.

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Are Home Improvement Projects Tax Deductible?

Are Home Improvement Projects Tax Deductible

Bedford, NH Homeowner Has Questions

Homes that are used solely for personal use cannot have the cost of home improvement projects deducted.  However, if down the road you sell your home for a profit the money paid for home deductions can be deducted from this profit.  This ends up being less of a profit that will be taxed when the home is sold.  If part of the home is used for business and this area is affected by the renovations, you can deduct 100% of this cost.

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What to Do If You are Missing Tax Paperwork

Missing Tax Paperwork

Amherst, NH Resident Worries

While employers and institutions have a deadline for sending out tax paperwork, there are plenty of reasons it may fail to get into your hands.  Whether lost in the mail, misplaced or some other event, the best step is to contact the issuer of the document.  They may be able to send a duplicate copy right away.  If you are still not having any luck getting the missing document, you can call the IRS.  Providing information to the IRS about the document in question will make sure that you are covered when you go to file your taxes.

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tax deductions

Goffstown, NH Resident Has Questions

Not filing your taxes on time could result in a failure-to-file penalty.  This penalty is 5% of the unpaid taxes for each month that the tax return is late, up to five months.  Continuing to ignore your taxes could result in the IRS taking action in the form of a federal tax lien on your property, seizing your property and even filing charges for tax evasion.

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How Will the Stimulus Package Affect Your Taxes

How Will the Stimulus Package Affect Your Taxes

Bedford, NH Resident Has Concerns

The government’s recent stimulus package was distributed to millions of Americans.  The stimulus money is not considered income by the IRS and will not be taxed.  While the money itself is not taxed, this will count toward your household’s adjusted gross income for 2020.  For some, this additional income may be enough to put you into a higher tax bracket. 

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405 Daniel Webster Hwy
Merrimack, NH 03054
(603) 429-2009

Regular Hours

Sunday: Closed
Monday: 9AM-4PM
Tuesday: Closed
Wednesday: 9AM-4PM
Thursday: Closed
Friday: 9AM-3PM
Saturday: Closed

Tax Season Hours (Feb 1 - Apr 15)

Sunday: Closed
Monday: 9AM-5PM
Tuesday: 9AM-5PM
Wednesday: 9AM-5PM
Thursday: 9AM-5PM
Friday: 9AM-4PM
Saturday: 9AM-2PM