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2025 Tax Season: File Your Taxes in New York and New Jersey

2025 Tax Season: File Your Taxes in New York and New Jersey

by MFS | Feb 5, 2025 | Tax, Taxes & Accounting

The 2025 tax season is here, and it is essential to file your tax return on time to avoid penalties and maximize your refund. If you live in New York or New Jersey, My Financial Solutions USA is here to help you comply with all IRS tax regulations and ensure that your...
Don’t wait for the due date: taxpayers can schedule estimated and other tax payments in advance

Don’t wait for the due date: taxpayers can schedule estimated and other tax payments in advance

by MFS | Mar 17, 2020 | Tax

Taxpayers can pay their 2020 estimated taxes electronically anytime, before the end of the tax year. Most taxpayers make estimated tax payments in equal amounts by the four established due dates. IRS provides two free electronic payment options, where taxpayers can...
CLARIFICATION: Changes to deduction for certain alimony payments effective in 2019

CLARIFICATION: Changes to deduction for certain alimony payments effective in 2019

by MFS | Feb 2, 2020 | Tax

Alimony or separation payments paid to a spouse or former spouse under a divorce or separation agreement, such as a divorce decree, a separate maintenance decree, or a written separation agreement, may be alimony for federal tax purposes.  Alimony or separation...

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