The United States tax code offers various tax credits and deductions to help individuals reduce their tax liability. One such credit is the Tax Credit for the Elderly or Disabled,...
Posted by Pat Raskob on 11/27/2023
Navigating the intricate landscape of tax credits is a fundamental aspect of strategic financial planning for businesses and individuals. Among the myriad tax incentives available,...
Posted by Taxes Made EZ Inc on 09/13/2023
A tax dependent is someone with connections to you that permits some tax deductions and credits like the head of household, the child and dependent care credit, the child tax credit,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/31/2023
As people grow older or experience disabilities, it can become harder to meet financial obligations. In recognition, the United States government offers several tax credits to help...
Posted by Taxes Made EZ Inc on 03/31/2023
The Federal Insurance Contributions Act (FICA) tax is a federal payroll tax imposed on employees and employers to fund Social Security and Medicare programs. FICA tax is a critical...
Posted by Pat Raskob on 03/14/2023
Wouldn't life be beautiful without taxes? You can't avoid them entirely, but as an active member of the U.S. military or veteran, you have access to tax benefits not usually...
Posted by Pat Raskob on 01/09/2023
Low and moderate-income earners are the beneficiary earned income tax credit, aka EITC or EIC. The program pays between $560 to $6,935 for the 2022 tax year but depends on your income,...
Posted by Rosovich & Associates, Inc. on 01/09/2023
It is no surprise that paying someone to watch your kids or clean your property makes you an employer, and you have to do the employer donation. Those hired to do these jobs are considered...
Posted by Rosovich & Associates, Inc. on 11/30/2022
With a medical power of attorney, you can appoint someone to make healthcare decisions if you cannot make those decisions yourself.Although much of estate planning focuses on finances,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/24/2022
