Montgomery Community Media

The Tax Deadline is quickly approaching and the influx of 2016 tax tips is hitting the newsstands. While it’s a great time to brush up on the tax laws and create a 2016 game plan, it’s also important to take a step back and think about the bigger picture and your long-term tax approach. The […]

Are you one of the millions of Americans who hasn’t filed (or even started) your taxes yet? With the April 18 tax filing deadline quickly approaching, here is some last minute tax advice for you. Stop Procrastinating. Resist the temptation to put off your taxes until the very last minute. It takes time to prepare […]

The United Way of the National Capitol Area (United Way NCA) in partnership with four area nonprofits will provide free tax return services for the 2016 tax season. The service is part of the Volunteer Income Tax Assistance Program (VITA), which seeks to provide assistance for low to moderate income individuals and families.  Timothy Johnson […]

If you haven’t contributed funds to an Individual Retirement Arrangement (IRA) for tax year 2015, or if you’ve put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April 18th due date, not including extensions. Be sure to tell […]

Most people file a tax return because they have to, but even if you don’t, there are times when you should because you might be eligible for a tax refund and not know it. This year, there are a few new rules for taxpayers who must file. The six tax tips below should help you […]

Confused about which credits and deductions you can claim on your 2015 tax return? You’re not alone. Here are six tax breaks that you won’t want to overlook. 1. State Sales and Income Taxes Thanks to last-minute tax extender legislation passed in December, taxpayers filing their 2015 returns can still deduct either state income tax […]

When it comes to creating a budget, it’s essential to estimate your spending as realistically as possible. Here are three budget-related errors commonly made by small businesses and some tips for avoiding them. Not Setting Goals. It’s almost impossible to set spending priorities without clear goals for the coming year. It’s important to identify, in […]

A Roth IRA is an individual retirement plan that with certain exceptions, is similar to a traditional IRA and subject to the rules that apply to a traditional IRA. For example, to be considered a Roth IRA, the account or annuity must be designated as a Roth IRA when it is opened. A deemed IRA […]

If you are having trouble paying your debts, it is important to take action sooner rather than later. Doing nothing leads to much larger problems in the future, whether it’s a bad credit record or bankruptcy resulting in the loss of assets and even your home. If you’re in financial trouble, then here are some […]

Here are your five things to know today, Jan. 6, in Montgomery County: 1. Montgomery County Executive Isiah Leggett will hold the first of five budget forums tonight in Silver Spring. 2. Are you preparing to do your taxes? Maryland Comptroller Peter Franchot has announced the official opening of tax filing season. 3. Wheaton High […]