Vincent Hicks, Author at Cambridge | Somerville Independent

Tax tip of the week: Find out if you missed deductions that could have lowered your income taxes

by Vincent Hicks May 25, 2026

Many taxpayers overlook valuable deductions because they focus only on itemized deductions. They should dig into schedules 1 and 1A.

TAXONOMY

Tax tip of the week: Spring cleaning can improve finances too

by Vincent Hicks May 18, 2026

Cash and tax benefits can come with a spring cleaning. And even when items aren’t highly valuable, clearing them out has benefits.

TAXONOMY

Tax tip of the week: PBS’ ‘Two Cents’ is the free financial resource you’re overlooking

by Vincent Hicks May 11, 2026

“Two Cents” has hundreds of short, engaging episodes – often just a few minutes long – designed to make money topics easier to understand.

TAXONOMY

Tax tip of the week: Go to the backdoor Roth IRA when there are limits at the front

by Vincent Hicks May 4, 2026

Here’s a way to build tax-free retirement income and reduce future required minimum distribution concerns with create greater financial flexibility.

TAXONOMY

Tax tip of the week: Missing the tax filing deadline isn’t cause for panic

by Vincent Hicks April 27, 2026

To start with, if you’re owed a refund, there’s no penalty for filing late. Even if you owe, missing a deadline shouldn't be fatal.

TAXONOMY

Tax tip of the week: Your employer can contribute to a kid’s Trump Account starting July 4

by Vincent Hicks April 13, 2026

Unlike your contributions, which are after-tax, employer contributions come pretax, similar to how a company might contribute to a retirement plan.

TAXONOMY

Tax tip of the week: Maybe this is the year you should itemize deductions

by Vincent Hicks March 30, 2026

With the cap rising it $40,000, more taxpayers may now find that itemizing results in a larger deduction than taking the standard deduction.

TAXONOMY

Tax tip of the week: The IRS sends refunds before it finishes checking what you file

by Vincent Hicks March 23, 2026

A refund isn’t the finish line. Your return is generally “closed” only once the IRS statute period expires.

TAXONOMY

Tax tip of the week: Four reasons to file taxes with low income, some that put money in your pocket

by Vincent Hicks March 16, 2026

In many cases, filing a tax return can put money back in your pocket even when income is relatively low – including from prior years.

TAXONOMY

Tax tip of the week: The IRS has three years on its audit clock. Get it started by filing on time.

by Vincent Hicks March 9, 2026

The IRS has a limited time to review and challenge a tax return. Filing a return promptly helps ensure this clock begins running as early as possible.