Lower My Tax Now Blog

Notify the IRS when you move

If you’re one of the millions of taxpayers who’ve moved recently, don’t forget to notify the IRS of your address change. Use “Form 8822, Change of Address,” or send written notification to the IRS center where you file your return. Include your full name, old and new addresses, social…

Summertime business tip

Check the tax savings of combining business and pleasure on the same trip this summer. Within theU.S., if the primary purpose of the trip is business and you add on a side trip or an extra few days for pleasure, you can deduct all the travel costs to and…

Retirement tax rules

Three important birthdays affect your retirement plan:

* At age 50, you can make extra “catch-up” contributions to your IRA and 401(k) savings. For 2013, these are $1,000 and $5,500, respectively.

* After age 59½, you’re eligible to make penalty-free withdrawals from your IRAs.

* Beginning no later than the year after…

What investment expenses are deductible?

Whether you’re a stock market bull or bear, you have investment expenses – and you may be wondering if they’re deductible on your federal income tax return.

Here’s a quick review.

* What are investment expenses? Investment expenses are amounts you pay to produce or collect taxable income, or to…