Your Guide to Charitable Donations and Their Tax Implications
The warm, fuzzy feeling that comes with doing a good deed is often reward enough for giving to those in need. However, what makes it all the more rewarding is the fact that charita...
July 15th – Your Federal Tax Filing Deadline in 2020
2020 is officially in full swing, which means that you are likely starting to think about your tax duties and probably wondering when the cut-off date is. This year, Tax Day and, t...
Tax Planning TIps to Maximize Your Return
As you prepare to file your tax returns, you should also be planning to maximize them, reduce your tax bill and/or get the biggest refund you can. Many unseasoned tax payers are no...
Important Tax Dates To Remember In 2020
The New Year is already well underway and that means that a new tax year is here, as well the various deadlines for filing tax returns, etc. As providers of public accounting servi...
Are Any Part of My Home Payments Tax Deductible?
Homeowners know all too well how enormous repayments can be, never mind how much it costs to keep a home well-maintained and in good condition. Hence the reason why so many America...
Tax deductible donations: Subtract the value of your charitable gifts from your taxable income
Are you an individual who regularly donates to charities and charitable organizations? If so, you may be eligible to claim sizeable tax deductions. Here is what you need to know ab...
Child Tax Credit 2019: How to Qualify
As most parents in the USA are now aware, the dependency exemption of $4,050 has been eliminated. Thankfully, though, it is still possible to apply for various tax benefits and cre...
Having Dependents Has Significant Tax Benefits
Are you aware of the fact that having dependents still has the potential to save you hundreds of dollars in tax, despite the elimination of the dependency exemption of $4,050? It i...
The IRS’ New 100% Depreciation Deduction and What Write-Offs You Can Look Forward To
In September of 2019, the Treasury Department and the Internal Revenue Service released final regulations and additional proposed regulations under section 168(k) of the Internal R...