There are many ways you can either reduce or cancel your debt. No matter the source – excessive credit card bills or student loans, it is possible to cancel your debt. In many...
Divorced people might qualify for Social Security benefits which is a factor of the earning of the ex-partner. This article will shed light on qualification for such benefits and what...
Tax credit for other dependents is a system designed by Uncle Sam in which relations (nuclear and extended families) can qualify for tax credits. With this credit, taxpayers can get...
The COVID 19 relief package passed in March 2020 includes provisions valued at $2.3 million to cushion the pandemic's effect. It is called CARES Act and comes with a package for...
The TCJA eliminated several itemized deductions from 2018 through to 2025. However, the investment interest deduction was not affected. This means that single taxpayers can claim their...
Taxpayers use form 3903 to deduct moving expenses involved in a new job. This deduction, however, is no longer applicable to all taxpayers. A couple of years ago, Uncle Sam came up...
A type of fringe benefit offered to employees of a certain business is an employee stock purchase plan (ESPP). The business allows the employees’ option to purchase the company’s...
Purchasing a home is a significant financial milestone, and one of the most fundamental decisions you'll face is how to finance your purchase. While many homebuyers opt for a mortgage...
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