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The IRS will begin accepting 2024 tax returns on Monday, January 27th. So, what is new with the IRS this filing season? Direct File, which allows eligible taxpayers to file their taxes directly with …
- Tax Highlights 2022
The year end is upon us, and before we head out for some holiday cheer, here are a few …
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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 …
- |Tax Highlights 2021
Many of President Biden’s proposed tax changes for TYE 12/31/21 affect higher income individuals; some are complex and relate …
- |Tax Highlights 2021
The American Rescue Plan Act of 2021, which became law in March, excluded up to $10,200 in 2020 unemployment …
- Reporting your income
If you are self-employed, it’s likely you will need to fill out an IRS Schedule C to report how …