Income Tax Tips to Save Money and Stress Less This Tax Season đĄ
Tax time doesnât have to be overwhelming! Here are some simple tips to help you stay ahead and maximize your refund:
1ď¸âŁ Keep Good Records: Save all receipts, invoices, and documents related to income and expenses. Staying organized will make tax prep a breeze!
The Treasury Department and IRS have reversed course and recipients of a Form SSA-1099 or RRB-1099 do not need to file a tax return in order to receive their Economic Impact Payment .
The Stimulus bill passed by Congress and signed by the President on March 27, 2020 contains many provisions affecting every… Read more YOUR STIMULUS CHECK
The Stimulus bill passed by Congress and signed by the President on March 27, 2020 contains many provisions affecting every American. The… Read more YOUR STIMULUS CHECK
The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak.
Hiring your child can be soo beneficial to your business & you because it allows you to use your business… Read more HIRE YOUR CHILDREN
I purchased a house this year. Would I qualify for any tax deductions on a home purchase?
Unfortunately, most of the expenses you paid when buying your home are not deductible in the year of purchase.
The only tax deductions on a home purchase you may qualify for is the prepaid mortgage interest(points). To deduct prepaid mortgage interest (points) paid to the lender if you must meet these qualifications:
While the changes to the tax law wonât affect most Americansâ 2018 filings for the 2017 fiscal year, 2019 will be a much different story. Citizens of certain states will benefit more than others, too.
Tax Reform changes depreciation limits on luxury automobiles The Tax Cuts and Jobs Act changed depreciation limits for passenger… Read more Luxury Automobile Tax Law Update
Understanding Business Taxes is super important. All businesses except partnerships must file an annual income tax return.Â
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