J.T. Hicks & Company

05/08/2026

You can legally lower your taxes by shifting a certain amount of unearned income to your children. Here are some ideas to implement this strategy.

The progressive nature of income tax rates offers taxpayers the incentive to transfer assets to lower earning taxpayers. Why not your children? Here are some tips.

05/06/2026

Want a lower tax bill? Your tax planning needs to start now!

With so much uncertainty in the economy, the tendency is to step back and wait until things settle down. On the other hand the early bird catches the worm. Now is a great time to be thinking about steps to reduce your tax obligations, both this year and into the future. This month an article is pres...

05/01/2026

In a world of digital payments, how do you prove your tax deductions? Here are some tips.

Very few banks return your canceled checks. So what do you need to do if required by the IRS to prove your deductions? This often means staying ahead of the game at year end.

04/28/2026

💸 Still frustrated by what you owed in taxes this month?

Here’s a mistake we see every year: people get hit with a large tax bill in April and then make no changes afterward.

Fast forward 12 months:

➡️ Same income

➡️ Same tax habits

➡️ Same surprise bill

Sometimes it’s even worse.

If you owed thousands this tax season, now is the time to ask yourself:

✔️ Are your withholdings accurate?

✔️ Are you making estimated payments?

✔️ Did your income increase?

✔️ Are you missing deductions?

✔️ Do you need a better tax strategy?

April shouldn’t be the first time you think about taxes. It should be the time you figure out what needs to change.

The people who save the most on taxes are usually planning in May, June, and July, not scrambling next April.

Don’t repeat the same tax surprise next year. Start making adjustments now.

Call Us: 207-990-3127

04/24/2026

Scams are getting more sophisticated and the IRS is a target. Here are tips to protect yourself.

Con artists impersonate IRS agents to either intimidate people into making payments or turn over their personal information. Here are some ideas to ensure this does not happen to you.

04/17/2026

Everyone should understand 529 savings plans. Here is what you need to know.

The tax code is filled with programs to be tax efficient when paying for educational expenses. One of the most popular is the 529 Savings Plan. Here is what you need to know.

04/10/2026

With the mandate to eliminate paper checks, including checks used to issue tax refunds, the transition to virtual payments is causing a mess. Here is what you need to know.

Over 1.4 million refunds are delayed and the number is quickly increasing. Much of the delay is due to the Presidential Executive Order eliminating paper checks. Here is what you need to know.

04/03/2026

Time to make an estimated quarterly tax payment!

Reminder: Tax returns AND first quarter estimated taxes are due by Wednesday, April 15th.

04/01/2026

From American tax history to everyday money habits, this issue connects past and present. Test your tax history knowledge, reset your finances, and rethink the tech ideas shaping your decisions.

Anniversaries have a way of bringing forgotten pieces of history back into view. As the United States marks 250 years of independence in 2026, we're reminded that money has shaped our national story in surprising and sometimes strange ways. In this month’s newsletter, test your own knowledge a...

03/27/2026

Early withdrawals from most retirement accounts prior to age 59 1/2 come with a steep 10% tax penalty.

When you are cash strapped, your retirement nest egg can look very tempting to solve your immediate financial problem. Is it ever a good idea?

03/20/2026

Here are the commonly overlooked deductions everyone should know.

The tax code is about 75,000 pages long, so it?s not surprising there are many overlooked money-saving deductions hidden within it. Check out this list of commonly overlooked deductions.