Don’t Get Caught Off Guard This Tax Year!

1. Refund Delays!

People who will be taking advantage of the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) will see a delay in getting their refunds early. The IRS is not releasing these funds until February 27, 2017. This doesn’t mean you should put off filing your taxes. Ask us about options to get the money early!

2. The PATH Act

The PATH Act made the American Opportunity Credit permanent. This means that those who are attending college will have the credit available from now on. This credit has a refundable portion. If you think you may qualify, talk to us and we can answer your questions.

3. Small Business Owners and the Self-Employed

Are you a small business owner or self employed and wondered if there were options for a retirement plan that will fit your situation? A SIMPLE IRA or 401K may be just what you need. We can give you the tax implication answers you need.

4. Tax Advantages for the Disabled

Those who are disabled in your family may qualify for a tax-advantaged savings account. Funds grow tax free and distributions are tax free if paying for qualified expenses. It is called an ABLE account. To learn more please let us know.

5. Tax Review and Your Tax Future

As always, Woeller Financial Services LLC is available for tax planning. We will review your prior year taxes for accuracy and help you plan your tax future.

Contact us today for a complimentary phone consultation!


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