Income Tax Guide 2015

Page 1

GUIDE 2015

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In this Jan. 8 photo, tax preparer Richard Sowell works with Courtney Mayhew at H&R Block offices in Atlas District in Washington. The Internal Revenue Service said it would begin accepting electronic returns and processing paper ones as scheduled beginning Jan. 20.

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Malhoit & Associates A financial advisory practice of Ameriprise Financial Services, Inc. 5954 Renaissance Place, Ste A Toledo, OH 43623 419.725.9213 barbara.g.malhoit@ampf.com ameripriseadvisors.com/ barbara.g.malhoit

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Ameriprise Financial Services, Inc. Member FINRA and SIPC. © 2014 Ameriprise Financial, Inc.

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AP Photo

This photo shows health care tax forms 8962, 1095-A and 8965, in Washington. Being uninsured in America will cost you more in 2015. This year, all taxpayers

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AP Photo

In this Jan. 9 photo, Jackie Perlman, principal tax research analyst of the Tax Institue at H&R Block, poses for a photograph at H&R Block offices in Kansas City, Mo. There is a small tax credit for low-income seniors, which Perlman said is not widely used. "It might be helpful for someone who neither contributed to the Social Security system nor ever married.

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Feeling like you

www.edwardjones.com

paid too much in taxes this year?

This year, evaluate whether you can benefit from: 1. Tax-advantaged investments. If appropriate, consider tax-free municipal bonds to provide federally tax-free income.* 2. Tax-advantaged retirement accounts. Consider contributing to a traditional Individual Retirement Account (IRA) or 401(k) to help lower your taxable income. 3. Tax-advantaged college savings accounts. Contribute or gift to a college savings plan for your children or grandchildren. *May be subject to state and local taxes and the alternative minimum tax (AMT). Edward Jones, its employees and financial advisors are not estate planners and cannot provide tax or legal advice. You should consult with a qualified tax specialist or legal advisor for professional advice on your situation.

Call or visit today to learn more about these investing strategies.

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AP Photo

In this Jan. 9 photo, national taxpayer advocate Nina Olson poses with tax code books at the Internal Revenue Service in Washington. Olson calls identity theft "an invasive crime that can

have a traumatic emotional impact." She has called on the IRS to designate a single point of contact who can provide "sensitive, holistic assistance" to an identity theft victim.

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419-782-1040

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419-238-0658

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