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Hello,

This month, our newsletter explores the following topics:

• Claiming home office deductions on 2020 tax returns
• Roth IRA withdrawal rules that save you money
• Avoid tax audits by knowing the red flags
• How much could a mortgage refi save you?
• Why you should buy renters insurance
• This IRS tool prevents stolen tax returns

We hope you’re enjoying the spring season. If we can help you with your finances, please contact us.

Sincerely,

David and Jonathan Mosenson
President and Vice President

Working From Home: Can You Claim The Home Office Deduction On Your 2020 Tax Return?

People working from home because of the pandemic are wondering if they can get a tax deduction out of it. Whether you can claim these tax breaks depends on your employment status.. Read More >

Understanding Roth IRA Withdrawal Rules Helps You Avoid Taking Money Too Soon, Triggering Taxes And Penalties

Roth IRA withdrawal rules may be more flexible than those for traditional IRAs, but that doesn’t mean you get a free pass to take money out whenever you want. What are the basic Roth IRA withdrawal rules you need to know?. Read More >

9 Red Flags That Could Trigger A Tax Audit

The IRS may choose to review a taxpayer’s accounts and financial information to ensure all tax laws are being followed. Learn how to protect yourself from audit red flags and strengthen your case if you do hear from the IRS. Read More >

16.7M Would Save By Refinancing Their Mortgages — And Here’s How Much

Millions have been able to refinance their home loans and slash their monthly payments and lifetime interest costs. But close to 17 million more are still missing out, new research shows. If you’ve got a mortgage that’s even a year old and you haven’t done a refi yet, take a look at the savings that are passing you by. Read More >

Why You Should Buy Renters Insurance: 5 Things To
Know

Millions of Americans have discovered the benefits of renters insurance. Because landlords aren’t liable for any personal possessions or activities in your apartment, these policies can provide an important safety net if something happens. Read More >

Prevent Stolen Tax Returns With This IRS Tool

The IRS has an effective tool for preventing identity theft, and it’s now available to all taxpayers: a six-digit PIN that prevents scammers from filing a fraudulent tax return using your Social Security number. Here’s how you can get your own now to use when you file your current tax return. Read More >