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Breaking News: The IRS Has Just Updated Their Position Related to Denying or Paying Employee Retention Credit (ERC) Claims
Finance, Finance Tips, Small Business, Tax CreditsArticle Highlights:
IRS's Current Position on ERC Claims
High-Risk Claims
Medium-Risk Claims
Low-Risk Claims
Availability of a Voluntary Withdrawal Program
Businesses with Unprocessed Claims
Businesses with Uncashed Refund…
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Reminder: Claims For Recovery Rebate Credit About to Expire
2024 Due Dates, COVID-19, Tax CreditsArticle Highlights:
COVID 2020 Economic Impact Payments
Recovery Rebate Credit
Credit Refund Is About to Expire
$1,200 for Single Taxpayer and $2,400 for Married Couples plus $500 for Dependents.
How To Claim the Credit if Not…
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Tax Benefits Available for Disabled Taxpayers
Tax Credits, Tax Planning, Tax TipsArticle Highlights:
Increased Standard Deduction
Tax-Exempt Income
Impairment-Related Work Expenses
Financially Disabled
Earned Income Tax Credit
Child or Dependent Care Credit
Special Medical Deductions
Qualified…
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Is It Better to Have a Tax Credit or a Deduction?
Deductions, Tax Credits, Tax Refund, Tax Tips, TaxesArticle Highlights:
Itemized Deductions
Above-the-Line Deductions
Business Deductions
Asset-Sale Deductions
Refundable Credits
Nonrefundable Credits
Carryover Credits
Business Tax Credits
Tax Deductions –
In one…
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Major Tax Sunset on the Horizon
Tax Credits, Tax News, Tax Planning, Tax Tips, TaxesArticle Highlights:
Estate and Gift Tax
Personal Exemptions
Standard Deductions
Home Mortgage Interest Deduction
Limitation on Tax Deductions (SALT)
Suspension of Tier 2 Miscellaneous Itemized Deductions
Suspension of…
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Tax Breaks for Grandparents
Tax Credits, Tax TipsArticle Highlights:
Head of household filing status
Earned income tax credit
Child tax credit
Child care credit for certain working grandparents
Grandchild’s education credits
Medical and dental expenses
More and more…
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Home Energy Improvement Credit Is Enhanced
Deductions, Environment, Finance Tips, Tax CreditsArticle Highlights:
Credit History
Credit Percentage and Annual Credit Limit
Per Item Credit Limit
Home Energy Audit
Identification Number Requirement
Other Credit Issues
Tip To Maximize The Credit
This credit goes…
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Tax Benefits For Parents
Personal Finance, Tax Credits, Tax Planning, Tax TipsArticle Highlights:
Child Tax Credit
Earned Income Tax Credit
Head of Household Filing Status
Child Care
Education Savings Plans
Education Tax Credit
Education Loan Interest
Child’s Medical Expenses
If you are…
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Planning On Buying a New Electric Vehicle and Claiming a Tax Credit? Better Read This First
Electric Vehicles, Tax CreditsArticle Highlights:
Background
Qualifications
Income Limit
4-wheel vehicle
Street Vehicle
Minimum Battery Capacity
Acquired for Original Use
Final Assembly
MSRP
Critical Mineral and Battery Components
…
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Who Claims the Children’s Tax Benefits You or Your Ex-Spouse?
Tax CreditsArticle Highlights:
Custodial Parent
Dependency Release
Joint Custody
Tiebreaker Rules
Child’s Exemption
Head of Household Filing Status
Tuition Credit
Child Care Credit
Child Tax Credit
Earned Income Tax…