by Admin | Feb 8, 2022 | Individual Taxes, Tax Planning
If you have a child or children in college, or perhaps you or your spouse is a student, it can be confusing to figure out which of the two potential education tax credits you are eligible for and give you the greater tax benefit. There are two higher-education tax...
by Admin | Feb 4, 2022 | Individual Taxes
December 15th, 2021 marked the last deposit date for the child tax credit payment expanded under the American Rescue Plan (ARP). Though many had hoped the program would be continued, political leaders are struggling to find a way forward that makes the majority of...
by Admin | Jan 27, 2022 | Individual Taxes, Tax Planning
As the old saying goes, “If you fail to plan, you plan to fail.” Whoever coined that phrase was absolutely talking about finances, whether they realized it or not. According to one recent study, a general lack of financial education costs Americans a...
by Admin | Jan 25, 2022 | Individual Taxes, Tax Planning
Some in Congress have proposed “free” (i.e., government-paid) tuition for community college attendance. Even if that proposal were to become law, it still leaves parents and their children-students responsible for paying for college and university attendance if the...
by Admin | Jan 24, 2022 | Individual Taxes
The IRS is reminding taxpayers about things they should remember when filing their 2021 income tax returns in 2022. According to the IRS, following these tips will help speed tax return processing and avoid refund delays: How to speed up return processing, avoid...
by Admin | Jan 20, 2022 | Individual Taxes
This could be another rough tax season for the IRS and taxpayers. Although this year’s filing season opens January 24, 2022 (i.e., it is the first day the IRS will accept and start processing 2021 returns), the Service still has a backlog of prior year returns to...
