There are a significant amount of tax benefits for disabled taxpayers, as well as parents of disabled children. This article will detail a number of tax credits and/ or benefit that one may qualify for. The most common tax benefits for disabled taxpayers Increased Standard Deduction Since a change in the law more than 35 …
Tax Central
Top 10 Ways To Spot A Tax Scam
Concerned about knowing how to spot a tax scam so you don’t become a victim? Tax season can be stressful enough without having to worry about falling victim to tax fraudsters. With cybercrime and identity theft becoming increasingly prevalent as more people file their taxes online, it’s wise to be vigilant and aware of potential …
Can’t Pay Your Taxes? Here Are Some Payment Options
Are you in a position where you can’t pay your taxes? About 3 out of 4 American taxpayers receive a refund each year when they file their income tax returns. But there are those who for one reason or another end up owing money. Of those who owe Uncle Sam, many don’t have the means …
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Unique Charitable Contribution Options To Consider
Looking for unique charitable contribution options that can provide tax advantages to the donor? Before deciding about your charitable giving for the year, read this article for ways to contribute that will help you tax-wise. Normally, deductible charitable contributions are limited by a percentage of your income, more specifically your adjusted gross income (AGI). This …
Best Financial Steps To Take As a Surviving Spouse
The death of a loved one is devastating, and as a surviving spouse, can be one of life’s most challenging scenarios. It also triggers unique financial and tax events that must be dealt with by the survivors. Especially if the death was sudden with little or no time to make financial preparations. This material is …
New in January – Businesses Are Required to E-file Form 8300
Starting Jan. 1, 2024, businesses are required to e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Trades and businesses must report cash payments received if all the following criteria is met: To comply …
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Energy Saving Home Improvements and Their Tax Benefits
Have you been thinking of making energy saving home improvements? If so, you may qualify for some substantial income tax credits. Even if home improvements aren’t currently on your to-do list, with the increasing cost of energy you may find that energy saving home improvements, along with the tax credits that accompany them, are something …
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Mid Year Tax Planning Checklist 2023
We didn’t want to wait another second to release our mid year tax planning checklist for 2023. Waiting until after the close of the tax year to worry about your taxes can result in missed opportunities that could have reduced your tax liability or provided financial benefits. Mid-year is the perfect time for tax planning. …
Can’t Pay Your Taxes? Here Are Some Payment Options
If you can’t pay your taxes, you are not alone. While 3 out of 4 American taxpayers receive a refund each year, there are those who for one reason or another end up owing. Of those who owe Uncle Sam, many don’t have the means to pay. But not paying is a horrible idea. Instead …
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