Announcement
Expanded Credits for Families Highlight Tax Changes for 2021
Many People Who Don’t Normally File Should File This Year Expanded tax credits for families, a deduction for non-itemizers who give to charity and a higher limit for itemizers who…
Read MoreBuild Back Better’s Child Tax Credit Changes
President Biden’s American Rescue Plan made changes to the Child Tax Credit for 2021. It increased to as much as $3,000 per child ($3,600 for ages 5 and under). The age limit for qualifying…
Read MoreThe 2022 IRS Interest Rate Hike Will Go Live April 1st
If you are required to pay quarterly estimated income tax, an upcoming change in interest rates being imposed by the IRS may have a direct impact on you. Effective April…
Read MoreHow to Get Your Child Tax Credit Payments 2021
Under the American Rescue Plan Act (ARPA) of 2021, the child tax credit (CTC) was expanded to a fully refundable $3,000 per eligible child under 18 ($3,600 per child under 6). In addition,…
Read MoreIRS issues standard mileage rates for 2022
WASHINGTON — The Internal Revenue Service today issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving…
Read MoreManaging Your Finances During an Inflationary Period
It’s hard to ignore the real-life impacts inflation is having. While gas and grocery prices are having the most immediate effect, the price of almost everything is going up. People…
Read MoreThe 2021 tax filing season has begun. Tax Forms for 2021 Return.
The federal tax filing season has begun. And it’s going to be tough sledding for the IRS — and for some tax filers — given the millions of returns from last year…
Read MoreOctober Extended Due Date Just Around the Corner
The standard deadline for filing individual federal income tax returns in the United States is April 15. If you request an extension, this deadline is typically extended to October 15.…
Read MoreThe Treasury Green Book of Biden Proposed Tax Changes
Article Highlights Long-Term Capital Gains Rates Top Individual Tax Rate Pass-Through Income Subject to 3.8% NIIT or SECA Tax Limit Nonrecognition of Like-Kind Exchanges Transfer of Appreciated Property by Gift…
Read MoreShould You Charge Late Fees? QuickBooks Can Help
Do you have a lot of aging receivables? Assessing finance charges can speed up customer payments. Have your customers been submitting payments later than usual these last several months? It…
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