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
Think of tax deductions as small (and sometimes not so small) gifts from the IRS. First, its value is subtracted from taxable income, and then the tax bill is calculated based on what's...
Posted by KLSM CPA Firm PLLC on 02/22/2023
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
The US government offers various tax breaks and deductions for disabled veterans. When taking advantage of the available tax breaks, follow our guide to ensure you get the benefits...
Posted by KLSM CPA Firm PLLC on 12/18/2022
Caregivers do forfeit their jobs and employee benefits to perform a selfless act of caring for loved ones. However, there are benefits attached to the selfless act that is not known...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/30/2022
As retirement approaches, 60-plus-year-old women often feel financially insecure. Planning for retirement is demanding enough, but women face additional challenges. A longer life,...
Posted by Dennis Jao on 04/30/2022
Social welfare refers to a range of programs that aid citizens either financially, educationally, or otherwise. These programs or activities are mainly targeted at groups of people...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/17/2022
Persons aged 65 and over and those who took early retirement due to disability are eligible for a federal tax credit which varies from $3,750 to $7,500. The senior citizen or disability...
Posted by Dennis Jao on 03/31/2022
This is a subset of a defined benefit pension plan. The employer often funds it via contributions made to a specific account comprising the compensation and interest of the participating...
Posted by Pat Raskob on 03/17/2022
