RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Report: Tax Season Happens at Home

February 2, 2016 1:33 am

Home is where the heart is—and where the majority of Americans file their taxes, according to a recent report by GOBankingRates.com. Individuals cited in the report plan to file taxes from the comfort of home this year, many with the help of a digital preparation tool.

“Americans still use a wide variety of options to file, from mailing in self-prepared tax returns to paying an accountant to handle the task for them,” says Elyssa Kirkham, the GOBankingRates finance writer on the study.

Breaking down the filing habits based on findings from the report:

• 34.5 percent of taxpayers file with a digital preparation tool
• 28.5 percent of taxpayers file through an accountant
• 10.9 percent of taxpayers file with the help of a family member or friend
• 8.5 percent of taxpayers file with IRS forms
• 8.3 percent of taxpayers file through a brick and mortar company

“Taxpayers have plenty to consider when choosing a tax-filing method, from filing costs and time investments to the complexity of their returns and how quickly they hoping to get a refund,” Kirkham adds. “Each method has its pros and cons, and being aware of your needs as a taxpayer can help you decide which is most beneficial for your tax situation.”

Interestingly, a generational pattern emerged in the report findings. The older the tax filer, the more likely he or she is to have an accountant file his or her taxes—filers age 65 and older are twice as likely to file through an accountant compared to filers age 25 to 34.

Source: GOBankingRates.com

Published with permission from RISMedia.


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Living in Paradise: Hawaii Ranks Highest for Well-Being

February 2, 2016 1:33 am

Hawaii was once again named the state with the highest level of well-being in the Gallup-Healthways Well-Being Index®, a definitive measure and empiric database of real-time changes in well-being throughout the world. The Index examines perceptions related to financial security, relationship to the community, sense of purpose and social relationships, all of which directly influence quality of life, healthcare costs and workplace productivity.

Not surprisingly, Hawaii has ranked in the top 10 each year of the Index. Second to Hawaii in this year’s rankings was Alaska, followed by Montana, Colorado, Wyoming, South Dakota, Minnesota, Utah, Arizona and California.

Alabama and Florida have also experienced positive shifts in well-being, with Alabama seeing a significant rise to the 28th state and Florida moving to 12th.

“We are seeing many significant positive developments in well-being nationally, including a decline in the uninsured rate, a decline in smoking and an uptick in financial well-being, but there is still much to be done on the national front and at the state and organizational level,” explains Dan Witters, principal and research director of the Gallup-Healthways Well-Being Index. “One specific area of concern continues to be the obesity rate, which continued its relentless upward climb in 2015 and reached another new high, breaking the 28 percent barrier for the first time.”

In the U.S., higher well-being has been shown to correlate with lower healthcare costs and increased worker productivity, in turn enhancing organizational and community competitiveness.

Globally, higher well-being has been associated with outcomes indicative of stability and resilience—for example, intent to migrate, trust in elections and local institutions, daily stress, food and shelter security, volunteerism and willingness to help others.

Sources: Gallup, Healthways

Published with permission from RISMedia.


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