Providing Education Assistance To Employees? Follow These Rules.
Some employers offer educational assistance plans as a recruitment and retention tool. Here are the rules to help ensure the fringe benefit is tax free to employees.
Why It’s Important To Meet The Tax Return Filing and Payment Deadlines
The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
Unemployed Last Year? Buying Health Insurance This Year? You May Benefit From Favorable New Changes
Many tax changes have been enacted recently to help mitigate the financial damage caused by COVID-19. They may affect you if you collected unemployment last year or if you buy health insurance through a “Marketplace.”
Home Sales: How To Determine Your “Basis”
When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.
Who Qualifies For “Head of Household” Tax Filing Status?
If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.
Need a New Business Vehicle? Consider a Heavy SUV.
The nice weather and the general downturn in COVID-19 cases has spurred some business owners to think about buying a car this spring. Here’s an option that may save on taxes.
New Law Tax Break May Make Child Care Less Expensive
Child care is expensive. The newly enhanced child and dependent care credit may help for 2021.
New Law: Parents and Other Eligible Americans To Receive Direct Payments
Are you eligible to receive direct payments under the new law that passed on March 11?
Estimated Tax Payments: The Deadline for the First 2021 Installment is Coming Up
Are you required to make estimated tax payments because you don’t pay enough tax in withholding? Here are the rules.
Retiring Soon? Recent Law Changes May Have An Impact on Your Retirement Savings
Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.