Displaying items by tag: lowering taxes

Life changes bring on more than a new baby, a new spouse, or a new house; they also bring major tax implications

JERSEY CITY, NJ, December 30, 2019 – Getting married, buying or selling property, having children, or retiring are big life changes and also can have a big impact on a taxpayer’s taxes. Simply put -- life changes a person’s taxes. Jackson Hewitt encourages taxpayers to understand how major life changes in 2019 may bring credits and deductions that may lower a taxpayer’s tax burden or increases their refund.

“Life changes bring on more than a new baby, a new spouse, or a new house; they also bring major tax implications,” said Mark Steber, Chief Tax Officer at Jackson Hewitt. “At Jackson Hewitt, we enjoy celebrating life’s milestones with our clients, and our Tax Pros specialize in finding the extra credits and deductions associated with these changes.”

Jackson Hewitt shares the top five life changes that can lower taxes: