Freedom Financial Tax, LLC
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General Information
Locality: Towanda, Pennsylvania
Phone: +1 866-401-1090
Address: 7A Poplar St 18848 Towanda, PA, US
Website: freedomfinancialtax.com
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Did you know that your federal stimulus check is not subject to PA taxes? Check out this article from the PA Department of Revenue. Visit their website to read more: https://www.revenue.pa.gov/COVID19/Pages/default.aspx "Federal Stimulus Checks Not Subject to PA Taxes The stimulus checks, otherwise known as economic impact payments, being distributed by the federal government are not subject to Pennsylvania personal income tax. The payment is considered a rebate that is non-...taxable in Pennsylvania. The payments are being distributed as part of the federal economic stimulus legislation that was signed into law in March in response to the COVID-19 pandemic. The U.S. Treasury Department and the Internal Revenue Service announced the payments will be distributed automatically, with no action required for most people. However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment. Read the IRS press release, Economic Impact Payments: What You Need to KnowOpens In A New Window, for further information. The IRS also said it would post additional information on IRS.gov/coronavirusOpens In A New Window as it becomes available."
October is here and the year is winding down! What are you doing to prepare for the end of the year? Here are some helpful tips for the fourth quarter. Stay tuned for more! Taxes Project income for this year & next year Project current year net investment income... Collect cost-basis information on sold securities Review sales of appreciated property like real estate & art Track donations to charity and review any gifting plans Investments Confirm investment goals & strategy Review asset allocation for rebalancing opportunities Review portfolio positions Revisit income & savings needs Re-examine asset location Review outstanding loans & mortgages Review dividend distributions Review employee stock options
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