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...
Posted by Taxes Made EZ Inc on 02/23/2021
In 2017, the wealth tax cap was $5.49 million. In 2018, the limit doubled to $11.18 million and now stands at $11.7 million. Currently, this growth will expire in 2025, but with the...
Posted by Pat Raskob on 02/10/2021
Come tax season, your ultimate goal when it comes to filing your return is to maximize your tax savings. There are several ways to do this both throughout the year with investment...
Posted by Accurate Books And Tax on 12/03/2020
There is some tax relief from the CARES Act to help charitable organizations cushion the coronavirus's effect. This tax relief aims to encourage donors for the 2020 tax return...
Posted by Dennis Jao on 11/24/2020
A taxpayer who has limited resources but wishes to make a deductible charitable contribution has limited options. While the amount of volunteer charitable work cannot be deducted,...
Posted by Aurelia E Weems CPA on 10/21/2020
Tax advisors are involved in all aspects of their clients' personal and financial lives, and when a taxpayer dies, they can be one of the most valuable family counselors. Although...
Posted by Dennis Jao on 10/14/2020
One way to reduce your taxable income and lower your tax bill is to donate to qualified charities. This involves itemizing deduction to qualify to claim it. The only condition where...
Posted by The TaxAdvocate Group, LLC on 08/07/2020
Filing taxes is a time when some people are seeking the biggest refund, and others are just looking to owe the IRS less money. In order to accomplish these goals, people are...
Posted by TAX-Net LLC on 12/03/2020
The art of giving to a charity organization is encouraged and many taxpayers get involved. If you, as a taxpayer, give a gift in a given financial year which meets the standards set...
