Individuals

05/26/2021

Many parents will receive advance tax credit payments beginning July 15, 2021

The IRS has announced that under the American Rescue Plan Act (ARPA), eligible parents will begin receiving payments for advance...

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Tax

04/23/2021

Unemployed last year? Buying health insurance this year? You may benefit from favorable new changes.

In recent months, there have been several tax changes that may affect your individual tax bill. Many of these changes...

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Tax

04/13/2021

REMINDER: Due dates for 2020 tax returns and the change of “Tax Day” to May 17th

Internal Revenue Service announced that the federal 1040 income tax filing due date for individuals for the 2020 tax year...

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Tax

04/08/2021

Do you qualify as the “head of household” for filing purposes?

An individual’s filing status determines the rate they are taxed and their allowable standard deduction. The head of household filing...

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Tax

04/05/2021

Enhanced Child and Dependent Care Credit – 2021

The child and dependent care credit has been available to taxpayers for a while but for 2021 tax year, the...

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Tax

03/16/2021

Estimated tax payments: When you are required to make them

Normally April 15 is the deadline for filing your individual tax return (except for 2020 taxes that are now due...

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Tax

03/09/2021

Are you retiring soon? Recent law changes may have an impact on your retirement savings!

Are you approaching retirement? If you are, then you will probably want to ensure that the money you have saved...

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Tax

02/26/2021

Working From Home? When To Consider the Home Office Deduction

More and more people are working from home, especially during the COVID-19 pandemic. If you spend time working at home,...

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Business

02/17/2021

Tax Credit Available for Purchasing an Electric Vehicle

Although we still do not see as many electric vehicles (EVs) as cars on the road today, they are increasing...

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Tax

02/04/2021

Planning for a Virtual Tax Season

Planning for a virtual tax season may seem stressful, but it doesn’t have to be, and in fact you might...

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Tax

01/26/2021

Delay in E-filing of 2020 returns but Three Reasons to File Early

The IRS announced that the opening of the 2020 individual income tax return filing season will be Friday, February 12....

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Tax

01/14/2021

COVID Relief Act Enhances Higher Education Tax Credits and Deduction

Getting a college education is expensive. It is also a great investment in your future as well as the future...

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Tax