Tax breaks for adoption incorporate both a qualified adoption cost and tax credit paid to adopt an eligible child and an exclusion from earnings for employer-enabled adoption aid....
In 2018, for all qualifying adoption expenses up to $13,810 taxpayers can receive a tax credit. The maximum credit is indexed for inflation. Up to the same limit as the credit, taxpayers...
Posted by Flynn Financial Group Inc on 06/04/2019
As a result of the changes in the tax rules, dividend income and capital gains have gained much more attractive as streams of passive income for investors who are in the bracket of...
A lot of people have always dreaded tax fillings and everything that has to do with tax, but when the new tax cuts and jobs act otherwise known as TCJA was eventually passed into law,...
Posted by Debi G Hill, CPA on 05/29/2019
The Tax Cuts and Jobs Act, enacted in 2017, brings alterations for 2018 tax returns. Vast numbers of the law's arrangements will influence retirees, and possibly for the better...
Posted by Accounting Advantage, Pa on 05/29/2019
Nonprofits envelop a wide range of entities. Many may relate not-for-profits with 501(c)(3) philanthropies, for example, the Salvation Army. However, there are various kinds of nonprofits...
Posted by Advanced Accounting & Tax Planning on 05/29/2019
Among the chaotic undertakings that must be embraced in a divorce, dealing with life insurance is one that frequently gets neglected. Amidst the custody fights, divvying up resources,...
Posted by Debi G Hill, CPA on 05/20/2019
When the IRS tells you that it wants to review a previous year's tax return, seeking out a qualified tax professional would be the best choice. Here are some tips you can use...
Posted by Accounting Advantage, Pa on 05/20/2019
If there’s the best time to offer a reminder about tax filing rules, tax deductions and tax credits especially for people over 65, it is today. The filing time is quickly approaching...
Posted by Accounting Advantage, Pa on 05/20/2019