Tax Tips & Expert Insights
As we move into the heart of tax season, many taxpayers are asking: “Do the new OBBB tax law changes affect my 2025 tax return?” If your tax year ended December 31, 2025, the …
- Tax highlights 2023
The SSA recently released the following updates for 2024 – – Cost-of-living adjustment (COLA) of 3.2% for both Social …
- Tax highlights 2023
In what he described as “the start of a sweeping, historic effort,” IRS commissioner Danny Werfel announced a plan …
- Tax Highlights 2022
Health savings accounts (HSAs) are projected to surpass $100 billion in assets in 2023, showing that consumers are realizing …
- Tax Highlights 2022
Enforcement and processing – the Inflation Reduction Act of 2022, signed into law on August 16, 2022, budgeted approximately …
- Tax Highlights 2022
The year end is upon us, and before we head out for some holiday cheer, here are a few …
- Uncategorized
Child Tax Credit – reverts to the benefits available prior to the American Rescue Plan as follows: Reverts to …
- Tax Highlights 2022
As 2022 comes to a close, the last thing most of us want to think about is our tax …
- |Tax Highlights 2021
According to Erin M. Collins, National Taxpayer Advocate, the IRS is currently “drowning in paper”. “As of late December …
- |Tax Highlights 2021, Reporting your income
The short answer is, yes. If you received advance CTC payments in 2021, the amounts paid were estimates based …