Tax Deadline: Why It’s Important Not to Miss Them
Why it’s important to meet the tax deadline The May 17 tax deadline for filing your 2020 individual tax return is coming up soon. It’s important to file and pay…
Tax Break for Child Care
New law tax break may make child care less expensive A new tax break included in the American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and…
Estimated tax payments: Watch for Deadlines
Estimated tax payments: The deadline for the first 2021 installment is coming up April 15 is not only the deadline for filing your 2020 tax return. It’s also the deadline…
Consolidated Appropriations Act, Here is What to Know.
Educate yourself about the Consolidated Appropriations Act The Consolidated Appropriations Act, which was enacted recently, made some changes to the tax breaks. Here’s a rundown of what has changed. Attending…
Retiring Soon? Impacts on Your Retirement Savings.
Retiring soon? Recent law changes may have an impact on your retirement savings Thinking about retiring? If you’re approaching retirement, you probably want to ensure the money you’ve saved in…
Donations in 2020? Do you have substantiation?
Did you make donations in 2020? There’s still time to get substantiation. If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your…
2021 Individual Taxes: Answers to Your Questions
2021 individual taxes: Answers to your questions about limits Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s…
Tax Credit for Buying an Electric Vehicle
Tax Credit and No Gasoline Although electric vehicles (or EVs) are a small percentage of the cars on the road today. They’re increasing in popularity all the time. And if…
1099-NEC is New and Revised 1099-MISC
New and revised 1099 Forms are due to recipients soon There’s a new IRS Form 1099-NEC for business taxpayers that pay or receive certain types of non-employee compensation and it…
One Reason to File Your 2020 Tax Return Early
Lots of Reasons to File Early – Here are Some of Them The IRS announced it is opening the 2020 individual income tax return filing season on February 12. (This…