Amelia Josephson is a writer passionate about covering financial literacy topics. Her areas of expertise include retirement and home buying. Amelia's work has appeared across the web, including on AOL, CBS News and The Simple Dollar. She holds degrees from Columbia and Oxford. Originally from Alaska, Amelia now calls Brooklyn home.
Given the complicated nature of income taxes and the popularity of convenient but not foolproof DIY tax filing software, it’s understandable that you may make a mistake on your taxes at some point. When this happens, you’ll need to file an amended tax return by filling out Form 1040-X. This may be needed if you’ve made mistakes ranging from under-reporting your income to missing out on tax credits and deductions. For help with fixing tax return issues or any other major financial consideration, think about finding a financial advisor to help you. Read more
A tax loophole is a tax law provision or a shortcoming of legislation that allows individuals and companies to lower tax liability. Loopholes are legal and allow income or assets to be moved with the purpose of avoiding taxes. This is different than lesser known tax deductions or strategies that are intentionally available for taxpayers to save money. Let’s break down how loopholes work, common examples and how they differ from intended tax-saving strategies. A financial advisor can help you optimize a tax strategy to lower your tax liability and reach your investment and retirement goals. Find a financial advisor today. Read more
If your income is particularly low one year, you may not need to file federal income taxes at all. You can save yourself the time and hassle of filling out your tax returns. The income threshold for determining whether you need to file taxes varies based on several factors, such as whether someone claims you as their dependent, whether the income you received is earned or unearned and whether you are blind. Read more
Portland, Oregon is more than just microbreweries and food trucks. The City of Roses boasts a lively arts and cultural scene. Employment options in Portland include established companies like Boeing,… Read more
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