Proposed Federal Legislation Enhances Green Credits
If you are considering buying an electric vehicle, adding solar to your home or making energy-saving improvements to your home, you may want to wait f…
Tax Credit
Employers Hiring New Employees May Be Able to Claim a Work Opportunity Tax Credit
The Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and workers’ and customers’ fears of cont…
Education Credits are for Children? Think Again!
If you think that education credits are just for sending your children to college, think again—the credits are available to you, your spouse (if…
The Obscure Research Credit
Article Highlights:
Credit Purpose
Credit Amount
Simplified Credit Calculation
Failure to Take Advantage of the Credit Small Business Features
Qualified Research Expenses
Business Qualifications
Should You Opt Out of the Advance Child Tax Credit?
If you have children under the age of 18, by now you likely have gotten your first advance child tax credit payment, either by check or by direct depo…
Tax Breaks for Grandparents
More and more individuals who thought their child-rearing days were over are now raising their grandchildren. It is estimated that 6.5 million childre…
Video Tip: A Quick Look into Higher Education Tax Credits
The cost for higher education is expensive, but it can be offset with federal tax credits. In this video, we will discuss the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC).
2021 – the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers
This is an overview of the several tax benefits that were included in the American Rescue Plan Act recently passed by Congress that will impact famili…
Don’t Miss Out on Tax Credits
Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. Congress provides tax …
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