When is the perfect time to give birth to a child during a tax year so as to claim that child as dependent on your tax return? You might be amazed by the answer: but anytime during...
Adoption can be an emotionally rewarding journey, however, it can also come with significant expenses. To help alleviate the financial burden associated with adoption, the United States...
Posted by KLSM CPA Firm PLLC on 09/07/2023
The labor market is a tight space with talented workers making it a competing ground for companies. Thus, the tax system has tax credits to assist employers in providing for their...
Posted by KLSM CPA Firm PLLC on 04/27/2023
Lenders, at times, might check your credit using a hard inquiry, also called a hard pull. They will send a note of such an official review into your credit report. Such information...
Posted by CORE PERFORMANCE on 01/31/2022
Every US citizen that wants to live in another country should consider learning what the Foreign Tax Credit Entails and how it works. It also applies to all citizens that desire to...
Formerly known as the retirement savings contribution credit, the saver's credit offers a special tax reduction for low and modest-income taxpayers who save for their retirement....
With many tax benefits available for education, it is evident that the government is interested in making higher education open and more accessible for many people. It can be...
The adoption credit is a nonrefundable tax credit, which means that the tax credit amount is limited to taxes due on your 2020 income tax return. Any additional credit value can be...
We want to remind you of the federal education tax benefits you may be eligible for. Making the most of these tax benefits would help reduce spending on higher education.If you're...
Posted by Carmen Garcia on 07/24/2020