2023 - ERB FINANCIAL

  • Home
  • About
    • Our Company
    • Our Team
  • Tax
    Services
  • Investment
    Services
  • Resources
    • Helpful Links & Websites
    • Financial Calculators
    • Tax Topics
    • Tax Preparation Checklist
    • Newsletters
    • Forms & Worksheets
    • Women and Investing
  • Blog
  • Contact
    • Contact Us
    • Driving Directions
  • broker
You are here: Home / Archives for Tax Topics

What is the difference between a tax deduction and a tax credit?

Tax deductions and credits are terms often used together when talking about taxes. While you probably know that they can lower your tax liability, you might wonder about the difference between the two. A tax deduction reduces your taxable income, so when you calculate your tax liability, you're doing so against a lower amount. Essentially, your tax obligation is reduced by an amount equal to your deductions multiplied by your marginal tax rate. For example, if you're in the 22% tax bracket … [Read more...]

Filed Under: Articles, Tax Topics

The College Landscape After Tax Reform

College students and their parents dodged a major bullet with the Tax Cuts and Jobs Act of 2017. Initial drafts of the bill included the elimination of Coverdell Education Savings Accounts, the Lifetime Learning Credit, and the student loan interest deduction, along with the taxation of tuition waivers, which are used primarily by graduate students and college employees. In the end, none of these provisions made it into the final legislation. But a few other college-related items did. These … [Read more...]

Filed Under: Articles, Children, College, Govt-Legislation, Tax Topics

“Why do all my friends get bigger tax refunds than I do?”

We hear this question often, and our answer is always the same:  “It depends”.  There are many factors that go into determining what refund a taxpayer receives after the tax return is filed.  Change one of those factors even slightly, and the results can shift a lot.  Here are just some of the factors: Are your friends/co-workers/neighbors having a lot of tax withheld from their paychecks all year? And are you have much less withheld?  The biggest factor in determining a refund amount is … [Read more...]

Filed Under: Articles, Tax Topics

2017 Year End Tax Alert

Open/Read 2017 YEAR END TAX ALERT (PDF document) … [Read more...]

Filed Under: Consumer Alerts, Erb Financial, Tax Topics

Taxpayers Who Receive an IRS Notice

Receiving a notice from the Internal Revenue Service is usually no cause for alarm. Every year the IRS sends millions of letters and notices to taxpayers. In the event one shows up in the mailbox, here are ten things you should know. OPEN/DOWNLOAD ARTICLE: Taxpayers Who Receive an IRS Notice … [Read more...]

Filed Under: Tax Topics

Worksheet for Self Employed

WORKSHEET: Self-Employment Worksheet OPEN/DOWNLOAD ARTICLE: Self-Employment Tax … [Read more...]

Filed Under: Forms & Worksheets, Tax Topics

Rental Income & Expenses Worksheet

OPEN WORKSHEET: Rental Income and Expenses Worksheet OPEN/DOWNLOAD ARTICLE: Rental Income and Expenses … [Read more...]

Filed Under: Forms & Worksheets, Tax Topics

Non cash Charitable Donation Tracker

OPEN FORM: Non cash Charitable Donation Tracker … [Read more...]

Filed Under: Forms & Worksheets, Tax Topics

Mileage and Expense Log

Most employees and self-employed taxpayers can use this chart. Do not use this chart if the taxpayer’s home is the principal place of business. OPEN/DOWNLOAD: Mileage and Expense Log … [Read more...]

Filed Under: Forms & Worksheets, Tax Topics

  • « Previous Page
  • 1
  • …
  • 4
  • 5
  • 6

Call: (585) 426-8190

sidebar-Group-Indoors

Retirment Savings Challenges for Women


©2025 Broadridge Investor Solutions, Inc.

Receive Our Newsletter

Subscribe Now

Recent Posts

  • Erb Financial: May Newsletter
  • Are Extended Warranties Worth It?
  • Life Insurance in Retirement
  • Versatile 529 Plans Can Help with More than Just College
  • Prime Workforce Stays Strong
  • New Social Security Identity Verification Rule: Are You Affected?
  • Cost of Living Varies Widely Across the U.S.

Post Topics

Recent Posts

  • Erb Financial: May Newsletter
  • Are Extended Warranties Worth It?
  • Life Insurance in Retirement
  • Versatile 529 Plans Can Help with More than Just College
  • Prime Workforce Stays Strong

Tax Help

Investment Help

Subscribe to Newsletter

Financial Calculators

Call: (585) 426-8190

rochester erb financial
Contact Us

rochester erb financial Check the background of this investment professional on
FINRA’s BrokerCheck

Copyright 2019 - ERB FINANCIAL is an independent contractor who offers Securities and Investment Advisory Services through Ashton Thomas Securities, LLC, member FINRA/SIPC, 200 Canal Park Blvd, Rochester, NY 14623, 585-424-1234 • Ashton Thomas Securities, LLC and Erb Financial are separate entities; There is no common ownership between the two. Ashton Thomas Securities, LLC is a Member of [FINRA] and [SIPC]
[financial advisors websites]

  • Home
  • About
    ▼
    • Our Company
    • Our Team
  • Tax
    Services
  • Investment
    Services
  • Resources
    ▼
    • Helpful Links & Websites
    • Financial Calculators
    • Tax Topics
    • Tax Preparation Checklist
    • Newsletters
    • Forms & Worksheets
    • Women and Investing
  • Blog
  • Contact
    ▼
    • Contact Us
    • Driving Directions
  • broker