The Earned Income Tax Credit, or EITC, provides tax benefits to low- and middle-income workers and families. Credit range from $1,502 to $6,728 for fiscal year 2021 and $560 to $6,935...
Posted by Income Taxes and Bookkeeping LLC 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
The U.S. Supreme Court ruled in Comptroller of the Treasury of Maryland v. Wynne in 2015 that two states cannot tax the same taxpayer on the same income. But this decision is subject...
Posted by Abundant Wealth Planning LLC on 03/24/2022
An abatement is simply a deduction/reduction or, in some cases, an exemption in the taxation level allocated to an individual or organization. Some examples of abatement include; a...
Posted by KLSM CPA Firm PLLC on 03/24/2022
Some of these fraudsters want all your money in one transaction, and others want to gradually drain you over a long-term period. Here's how to avoid a financial scam.Imagine your...
Posted by Income Taxes and Bookkeeping LLC on 03/17/2022
If you're a low-income worker, or your income has considerably reduced over the years, you're entitled to a refundable tax credit known as the earned income tax credit. The...
Posted by Tiffany Gaskin on 03/17/2022
The United States is one of the strongest nations in the world. Giant buildings, cosmic infrastructure, technological advancements, and a literate population make this country one...
Posted by Dennis Jao on 03/10/2022
Charitable life insurance donations offer a way to raise funds to increase donations and reduce taxes.This is a less common strategy. There are a variety of tax considerations and...
Posted by James Financial Services Inc on 02/28/2022
Since 1996, parents and guardians in America have been eligible for adoption assistance in the form of tax credits and adoption assistance programs after several interest groups began...
Posted by Taxes Made EZ Inc on 02/22/2022
