Taxpayers who adopted or started the adoption process in 2021 may qualify for the adoption credit. This credit can be applied to international, domestic private, and public foster care adoption. Watch this video for a quick overview of the adoption tax credit.
If you borrow money will the interest you pay be deductible for income tax purposes? The answer to that question can be complicated, and unfortunately…
A component of itemized deductions is the cost of medical care. The total of eligible medical expenses paid during the tax year is reduced by 7.5% of …
One way to keep your company’s cash flow positive is by sending email reminders to overdue customers. QuickBooks Online can automate this….
If your family received advance child tax credit funds, you are not alone in wondering what will come next from Congress for 2022. Learn more….
Here are the February 2022 Business Due Dates….
Here are the February 2022 Individual Due Dates….
When itemizing deductions in the tax return, a taxpayer can include medical expense payments to a special school for a mentally impaired or physically disabled person if the main reason for using the school is its resources for relieving the disability. Watch this video for a better understanding of this tax break.
According to the Social Security Administration, 10,000 baby boomers a day are reaching the age of 65, as of 2018 16% of Americans were age 65 or olde…
These days the tax return is used for more than just collecting taxes. It has also become a tool for the government to provide social benefits. This a…
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