by Admin | Apr 22, 2024 | Individual Taxes
The Internal Revenue Service encourages taxpayers who missed the April tax-filing deadline to file a tax return as soon as they can. The IRS offers different resources to help those who may be unable to pay their tax bill in total. Those who missed the deadline to...
by Admin | Apr 22, 2024 | Individual Taxes, Tax Planning
Tax legislation passed in late 2017 nearly doubled the standard deduction for years 2018 through 2025, and now about 90% of individuals filing a tax return are taking advantage of the higher standard amount and are not itemizing their deductions. For the 10% of filers...
by Admin | Apr 3, 2024 | Individual Taxes
As a reminder to those who have not yet filed their 2023 tax returns, April 15, 2024, is the due date to either file a return (and pay the taxes owed) or file for an automatic extension (and pay an estimate of the taxes owed). Taxpayers in Maine and...
by Admin | Apr 3, 2024 | Individual Taxes, Tax Planning
As Millennials continue to navigate their financial journeys, understanding key tax and personal finance topics is crucial for achieving long-term prosperity. In this article, we’ll explore some of the most important issues facing Millennials today, providing...
by Admin | Mar 6, 2024 | Individual Taxes
The Department of the Treasury and Internal Revenue Service issued final regulations for applicable entities that earn certain clean energy credits and choose to make an elective payment election. For tax years beginning after Dec. 31, 2022, applicable entities can...
by Admin | Mar 6, 2024 | Individual Taxes, Tax Planning
Most U.S. citizens and permanent residents who work in the United States need to file a tax return if they make more than a certain amount for the year. This includes U.S. citizens and permanent residents working outside the U.S. ...
