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2022 – 03/10
It may not be too late to lower your 2021 tax bill. You may still be able to contribute to […]
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2022 – 01/05
The IRS is mailing letters to taxpayers who received monthly advance Child Tax Credit (CTC) payments in 2021. The letters […]
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2022 – 01/06
The IRS has issued a reminder about checking your 2021 tax liability to avoid being subject to estimated tax penalties, […]
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2021 – 12/16
Taxpayers who qualify for advance Child Tax Credit (CTC) payments for 2021 should’ve received the final 2021 payment on or […]
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2021 – 12/03
Testifying before a Senate committee, U.S. Treasury Sec. Janet Yellen said the expansion of the Child Tax Credit (CTC) was […]
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2021 – 11/19
The U.S. House of Representatives approved the Build Back Better Act on Nov. 19 by a vote of 220 to […]
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2021 – 11/11
The IRS has issued the 2022 long-term capital gains rate bracket numbers. The maximum income required to qualify for the […]
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2021 – 11/09 – Feeling generous at year end? Strategies for donating to charity or gifting to loved ones
Planning to donate to charity this year? Normally, if you take the standard deduction and don’t itemize, you can’t claim […]
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2021 – 11/10
According to updated FAQs from the IRS, taxpayers who received 2021 advance Child Tax Credit (CTC) payments should consider providing […]
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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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Individual Income Tax