Child tax credit: The rules keep changing but it’s still valuable.
If you’re a parent, you know that children are expensive. Fortunately, there’s a federal Child Tax Credit that may help you with the expenses. Here are the current rules.
Have employees who receive tips? Here are the tax implications
Here are some tax tips for businesses with employees who receive tips.
Retirement plan early withdrawals: Make sure you meet the requirements to avoid penatly
Breaking into a retirement plan before age 59½ may result in a penalty tax. But there are exceptions. Here are the rules, along with what happened to one taxpayer who tried to avoid the penalty because he had diabetes.
Why you might want to file early and answers to other tax season questions
Why is it a good idea to file a tax return early? Here’s the answer to that and other filing season questions you may have.
Tax-saving Ways to Help Pay For College – Once Your Child Starts Attending
As any parent of a college student knows, higher education is expensive. Fortunately, there are some tax breaks for eligible parents.
Employers Should Be Wary of ERC Claims That Are Too Good To Be True
Have you heard ads on TV telling businesses how they can claim a huge Employee Retention Credit? It might be possible for some employers but it also might be too good to be true.
SECURE 2.0 Law May Make You More Secure in Retirement
Want to save more for retirement? You might be able to with the many changes in a new law signed on Dec. 29, 2022.
Save For Retirement By Getting The Most Out Of your 401(k) Plan
Are you contributing enough to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for 2023.
Do Your Qualify for the QBI Deduction? And Can You Do Anything By Year-end to Help Qualify?
Owners of pass-through businesses may be able to save tax with the valuable QBI deduction by taking certain steps at year-end.
Answers to Your Questions About Taking Withdrawals
You may spend decades building up your traditional IRA but there comes a time when you must start taking withdrawals. Here are answers to frequently asked questions about required minimum distributions.