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2021 – 11/10
The IRS has announced its 2022 cost-of-living adjustments for more than 60 tax provisions. The 2022 adjustments generally apply to […]
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2021 – 10/12 – Vacation home: How is your tax bill affected if you rent it out?
If you own a vacation home, you may want to rent it out for part of the year. The tax […]
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2021 – 08/24
If you’re receiving advance Child Tax Credit (CTC) payments from the IRS, this fast-approaching deadline may affect you. For those […]
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2021 – 07/27
If you’ve received an advance Child Tax Credit (CTC) payment that you don’t qualify for, the IRS says you should […]
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2021 – 07/19
On its website, the IRS is providing information on the effects of advance Child Tax Credit (CTC) payments on other […]
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2021 – 07/15
The advance child tax credit (CTC) payments begin July 15 and recipients still have the chance to opt out even […]
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2021 – 07/16
Direct deposit refunds began rolling out on July 14 to millions of taxpayers who overpaid taxes on their 2020 unemployment […]
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2021 – 07/09
The IRS is providing more information about the advance payments of the Child Tax Credit (CTC) that will begin being […]
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2021- 07/06 – 10 facts about the pass-through deduction for qualified business income
Are you eligible to take the deduction for qualified business income (QBI)? This valuable tax break is also referred to […]
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2021 – 07/20 – There’s currently a “stepped-up basis” if you inherit property — but will it last?
If you’re planning your estate, or you’ve inherited assets, you may not know the “basis” for tax purposes. Under the […]
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2021 – 07/02
Do you have a hobby that’s a source of income? If so, that income must be reported on your tax […]
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2021 – 07/01
Are you eligible to receive the advance child tax credit (CTC) payments that begin July 15? Have you provided bank […]
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2021 – 05/25 – Many parents will receive advance tax credit payments beginning July 15
Eligible parents will soon receive payments from the federal government by direct deposit, paper check or debit card. The IRS […]
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2021 – 5/24 – The IRS has announced 2022 amounts for Health Savings Accounts
The IRS has released the inflation-adjusted amounts for Health Savings Accounts (HSAs) next year. For calendar year 2022, the annual […]
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2021 – 04/15
The IRS will begin sending advance monthly Child Tax Credit (CTC) checks starting on July 1, according to testimony to […]
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Individual Income Tax