The Earned Income Tax Credit is a unique tax credit that is specifically given to taxpayers who earn low to medium wages. The credit was first introduced in 1975 in an effort to reimburse...
Posted by Daniel P Vigilante CPA and Profit Consultants on 10/29/2020
Buying a home is one of the most expensive purchases most of us will make, so anything that can lower a mortgage cost is worth considering.In addition to negotiating a good price and...
Posted by Dennis Jao on 10/21/2020
A withholding tax is an amount that an employer takes from its employees' wages and pays it directly to the government. The amount withheld is an income tax credit that the employee...
Posted by Abundant Wealth Planning LLC on 10/01/2020
Taxpayers are allowed to amend tax returns using the form 1040x if the following cases occur: a mistake was found in the tax return, failure to file eligible deductions or credit,...
Posted by Elliot Kravitz, ATP on 10/01/2020
Caregivers, workers who perform in-home services, for disabled individuals and the elderly work under special tax rules. When a caregiver is employed, it is seen that he/she works...
Posted by Dennis Jao on 09/28/2020
There are many different expenses that small businesses are allowed to deduct on their annual tax returns. These deductions vary from business to business; however, the standard deductions...
Posted by Abundant Wealth Planning LLC on 09/28/2020
You might like the challenge of doing your own taxes, but for people who do not have the time or the patience to tackle such a challenge, hiring the services of a tax professional...
Posted by Aurelia E Weems CPA on 09/25/2020
For people with substantial medical bills that the insurance plan cannot take care of, there might be some relief when you file your taxes. This article explores what you can claim...
Posted by James Financial Services Inc on 09/18/2020
Interest income is the entire amount of interest that an amount generates in a given period. This amount can be likened to the investment balance used to calculate the return on investment...
Posted by Daniel P Vigilante CPA and Profit Consultants on 09/18/2020
