Taxpayer should beware of the following tax items as amounts have changed. Interest exclusion for higher education. The interest on U.S. savings bonds redeemed to pay qualified higher education expenses may be tax-free. The exclusion is phased out at certain income levels, which are adjusted annually for cost-of-living increases. The phaseout for 2015 will begin […]

If you’re like most taxpayers, especially low- and middle-income earners, you’re probably wondering why it feels like you’re getting slammed every April. Chances are, you’re missing out on ways you can reduce your tax liability, and keep more of your hard-earned income in your pocket. At Source One Tax, a highly experienced tax professional will take […]