Is Foster Income Taxed?Payments received as Foster Income are NOT taxable, so you do not need to report them. Suppose the assistance is provided to a qualified foster individual and...
Posted by Tim Thompson CPA PLLC on 09/15/2020
The EITC (earned income tax credit) is a refundable credit that applies to all taxes owed after completing the return and calculating the amount owed. The Internal Revenue Service...
Posted by Carmen Garcia on 09/14/2020
For 2018 and 2019, the child tax credit rose from $1000 to $2000 per child, following the President's new tax law. With qualified dependent children, you might also qualify to...
Posted by Aurelia E Weems CPA on 08/19/2020
We all knew someone who takes care of other people. They are usually our relatives whose husband or a wife chooses to stop working to take care of their sick spouse or our friend who...
Posted by James Financial Services Inc on 04/03/2020
Earned Income Tax Credit or EITC is a refundable credit targeted at low-income earners. Over the years, many people have qualified for EITC due to the increasing economic downturn...
Posted by Larry Kenneth Hurt on 01/23/2020
Roughly $61 billion in EITC was given to 25 million eligible workers and families in 2019, according to the IRS. The Earned Income Tax Credit (EITC) is a tax credit that is refundable...
Posted by Flynn Financial Group Inc on 12/29/2019
Tax Season Has Arrived. By Antonio York, CPA, EA, CIA, MBA: Secure your appointment today [antonio@yorkifs.com 818-666-9727]. Here are a few life-long tax appointment...
Posted by YiFS Tax & Accounting Services on 02/17/2017
In recognition of the vital work done by family caregivers, the Economic Security Project (ESP) aims to benefit from the reimbursement of the cost of living, an extension of the tax...
Posted by Advanced Accounting & Tax Planning on 04/20/2020
Notifying your employees of specific tax situations that can affect them is one of your responsibilities as an employer. The Earned Income Tax Credit (EITC) is one example of this...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/25/2020
