IRS Withholding Calculator | Internal Revenue Service

The 2018 tax law changes are still confusing to many people. However, if you haven’t made adjustments to your withholding, take a look at this tool from the #IRS. Be sure to have a recent paystub handy; this you can usually access online from your employer. Follow the link to try out the calculator: IRS Withholding Calculator | Internal Revenue Service

After you have tried the tool, if you have questions or are unsure of what to do next, send your questions to info@kcallp.com and we will do our best to assist you.

Rules and Limits for the Student Loan Interest Tax Deduction

There are many changes in the tax law that have impacted taxpayers this year. There are some items that have remained relatively unchanged. One of those is the deduction for student loan interest paid. The most student loan interest you can claim as a tax deduction is limited to $2,500 as of the 2018 tax year.

Read more of the details in this article from the balance via Rules and Limits for the Student Loan Interest Tax Deduction.

At K & C Accounting, we are here to maximize your tax savings.

Living paycheck to paycheck is disturbingly common: ‘I see no way out.’ – The Washington Post

For most people, getting by each day until payday arrives is the norm. The common thought is that this applies to the lower class or poor, but that’s far from the truth. Many middle and high class income earners are in the same situation. Whether your pay check is $1,000 or $10,000, the underlying theme is the same. Read the article below to see more.

via Living paycheck to paycheck is disturbingly common: ‘I see no way out.’ – The Washington Post

To learn more how we can help your financial situation, start here.