Federal students can claim tax credits and deductions for education. In addition, you may need to file early taxes to enjoy education financial aid. The government has enacted different...
Posted by Pat Raskob, Emeritus on 02/07/2023
The law mandates every business owner to report taxes of non-employees and others on form 1099. Some common errors on the form must be corrected or reported to the Internal Revenue...
Posted by KLSM CPA Firm PLLC on 02/07/2023
Weight loss resolutions are the biggest topic each year, but not many know they can deduct weight loss expenses by itemizing their tax returns. However, the IRS has given space to...
Posted by Dennis Jao on 02/07/2023
HSA's (Health Savings Account) contribution has people wondering about the effect of the new changes, especially on limits. Taxpayers are to have health benefits coverage for 2023....
Posted by Taxes Made EZ Inc on 01/30/2023
Financial freedom is everyone's dream, and a journey everyone needs to take. And the fastest way to stay up-to-date is by doing a financial checkup. It is easy to face bankruptcy...
Posted by Pat Raskob, Emeritus on 01/30/2023
Who counts as an independent contractor versus an employee may be about to change, as a new proposal from the US Department of Labor (DOL) suggests revamping the classification of...
Posted by Rosovich & Associates, Inc. on 01/30/2023
Supplemental Security Income (SSI) is the flagship federal safety net program for the blind, elderly, and disabled. It offers them a guaranteed minimum income.For 2022, the maximum...
Posted by Tiffany Gaskin on 01/30/2023
A defined benefit plan, more commonly known as a pension plan, provides guaranteed retirement benefits to employees. Defined benefit plans are primarily funded by the employer, with...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/26/2023
The IRS allows taxpayers to deduct medical expenses used by themselves, their spouses, or someone claiming them as a dependent. Although tax returns do not accept medical deductions...
Posted by Pat Raskob, Emeritus on 01/26/2023
