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Articles

Have a Great Staycation!
Americans planned to spend an average of $1,621 on their vacations last summer, according to an Allianz Global Assistance USA survey . That was down from $1,895 the previous year, as 40 percent of millennials planned to spend less than $400 on...
Five Quick Ways to Save Money
Are you trying to cut down on costs but still finding yourself short of funds some of the time? The Connecticut Society of CPAs offers these simple solutions to help you eliminate unnecessary spending and pump up your budget power. Everyday...
What If You Missed the Tax Deadline?
You flip your calendar to the month of May, and it makes you think of warmer weather and sunny days. Then you realize something awful: You forgot to file your tax return by this year’s April 18 deadline! What can you do? In fact, it’s...
Do You Have to Pay the AMT?
With tax filing time upon us, many people have questions about three important letters: A-M-T. It’s smart to be aware of how the Alternative Minimum Tax could impact you this year and in the future. The Connecticut Society of CPAs provides...
What Can You Learn from Your Tax Return?
Did you know that analyzing your tax return can offer many advantages? It may not seem that way right now, when you’re scrambling to finish it before the filing deadline. But the information on your return can offer new insights into your...
What You Need to Know About Last-Minute Tax Changes
Everyone likes a little bit of nail-biting suspense, don’t they? Well, not always, and especially when their taxes are involved. But most people have gotten used to the idea that Congress often waits until the final weeks—or...
Don't Make These Common Tax-Time Mistakes!
You gather all your paperwork, finalize your tax return and you’re ready to go. But just as you’re about to send it off to the Internal Revenue Service, you wonder, “Should I check my math again? Did I take all the deductions I...
Got Kids? Don't Miss These Tax Breaks
How much does it cost to raise a child? You may already be aware that it’s a lot, especially as you spend money each day on things such as daycare, extracurricular activities, and new clothes for growing kids. But you may be surprised to...
What You Need to Know About Estimated Taxes
Most people don’t spend a lot of time during the year thinking about their tax payments because their employer simply withholds those payments from their paychecks. If you’re among the nearly 15 million self-employed people in the...
Have You Attained Your American Dream?
Do you find yourself putting off important milestones because of financial constraints? If you do, you’re not alone. A majority of American adults — 51 percent — say they have delayed at least one key life decision in the last...

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