Tax Benefits Available to Disabled Taxpayers
Disabled individuals, as well as parents of disabled children, may qualify for a number of tax credits and other tax benefits. Listed below are severa…
Tax Central
Tax-Free Gifting
If you are fortunate enough to have an estate large enough to be subject to the estate tax upon your death, you might be considering ways to give away…
Tax Benefits for Holiday Gifts
Some holiday gifts you provide to members of your family, employees and others may also yield tax benefits—think of it as Santa Claus meets Uncl…
President Biden’s Build Back Better Act Passed by The House; Fate Now in the Senate’s Hands
On November 19, 2021, the House of Representatives passed their proposed version of President Biden’s Build Back Better Act, which was substantially p…
Tax Tips for Holiday Charity Donations
During the holidays, many charities solicit gifts of money or property. This article includes tips for documenting your charitable gifts so that you c…
10 Tax-Saving Strategies to Consider Before Year-End
It seems hard to believe, but the holiday season is almost upon us, and that means that the 2021 tax preparation season will soon follow. With the end…
Watch Out for Tax Penalties
Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible damage they c…
Avoiding IRS Underpayment Penalties
Congress considers our tax system a “pay-as-you-earn” system. To facilitate that concept, the government has provided several means of assisting t…
Are You a Candidate for Bunching?
The changes in the 2017 Tax Cuts and Jobs Act (TCJA) included nearly doubling the standard deduction and placing limitations on or suspending certain …
Biden Administration Backs Off on Proposed Bank Transaction Threshold
Tax-compliance rates in the United States are based, in large part, on how taxpayers accrue income. Those who receive income that is reported by a thi…
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