What is a mortgage interest deduction?Buying a home is a proven way to build wealth; you will accumulate equity as you pay off the loan, and the home's value increases.But there...
Posted by International Tax Consultants, LLC on 01/20/2021
TAXES! You may not enjoy getting those tax deductions, but you must understand how the system works to file correctly and avoid penalties. The AGI is a vital aspect of personal...
Posted by Income Taxes and Bookkeeping LLC on 01/19/2021
The Tax Cuts and Jobs Act came with many effects, one of which was removing the business expense for unreimbursed employees till the year 2026. As a result, workers can no longer bring...
Posted by McCool's Tax Service on 01/11/2021
Alimony, also known as spousal support, is the money paid to a spouse to another after a divorce. The idea is to help the spouse with the lower income to take care of expenses and...
Posted by Rosovich & Associates, Inc. on 01/06/2021
Military members enjoy many tax benefits, including one-time tax deductions, combat pay exclusions, and extended time limits. Read on to find information on various military-specific...
Posted by Tucker Accounting Services LLC on 01/06/2021
It is the last day of 2020, and the IRS encourages taxpayers to take the necessary steps in the final days of the year to file federal tax returns in a timely and correct manner before...
The Internal Revenue Service (IRS) recently released annual tax inflation adjustments for 2021 for more than 60 allowances, including tax rate schedules, standard deductions, itemized...
Posted by Rosovich & Associates, Inc. on 12/31/2020
The year 2020 is almost winding up, and many people will never forget the year and its effect. I am sure the entire human race will do anything not to have a year like 2020 nor have...
Posted by Accurate Books And Tax on 12/31/2020
Uncle Sam recently announced the 2021 tax rate in a bid to take care of inflation. The top tax rate will be at 37% for 2021 tax returns filed by taxpayers in the year 2022. However,...
Posted by Unifirst Financial & Tax Consultants on 12/31/2020
