Formerly known as the Retirement Savings Contribution Credit, the savings credit offers a unique tax advantage to low- and moderate-income taxpayers who save for retirement. This credit...
Posted by Roland Zita, CPA on 05/30/2019
Your vehicle purchase must satisfy a number of criteria in order to qualify for the qualified plug-in electric drive motor vehicle tax credit. Only qualified vehicles are eligible...
Posted by Valderas Financial Solutions LLC on 05/20/2019
Having children is wonderful but they can be overwhelming during summer breaks or when they’re cooped up in the house when spring comes up. However, they are also a great help...
Posted by Flynn Financial Group Inc on 11/14/2018
It’s common knowledge that tax credits and tax deductions can both help lessen your overall income tax liability. You may be one among millions of taxpayers searching for credits...
Posted by John Pournaras Agency on 11/05/2018
IRS has currently released its draft of the new federal tax Form 1040 which every US taxpayer would use in order to file tax returns of the year 2018. Also, as hoped, this new federal...
Posted by ALJ Business Services,LLC on 10/26/2018
The typical person makes his hard earned money work after deduction of credits and expenses. Parents have been teaching their children to be thrifty and deposit some money in the piggy...
Posted by Allen Kemper on 04/25/2018
With an all new federal tax bill on the horizon, you may be one of the millions of people wondering how it is going to affect your tax bracket, standard deduction and itemized deductions....
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/14/2018
For many companies, the provisions of the Affordable Care Act (ACA) have phased in specific tax credits and potential penalties. Individuals and employers all have criteria to meet...
For some people, filing their taxes is like playing the lottery. They often do not understand the taxing process (no one understands it completely), but they assume that they...
Posted by Allan J Rolnick, CPA, CTC on 01/21/2016