Making Home Improvements? You May Qualify for a Substantial Tax Credit
Home Ownership, Tax CreditsArticle Highlights
Credit Percentage
Specific Qualified Items and Per Item Annual Limits
Components Subject To $1,200 Aggregate Credit Limit
Components Subject To $2,000 Aggregate Credit Limit
Annual Credit Limits, $1,200 vs.…
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…
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…
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…
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…
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…
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…
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…
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…
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
…