Local and state governments sell municipal bonds to investors to help fund public projects like repairing a public park or building a new school. While municipal bonds pay tax-free...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/27/2023
The federal solar tax credit, also called the investment tax credit, allows users to apply up to 30% of the cost of their solar energy on their federal tax. This credit can be...
Posted by Pat Raskob on 05/27/2023
The collection of income taxes is done on an ongoing plan. And for many, the employer pays both the federal and income state taxes by removing a percentage of the income from each...
Posted by Tiffany Gaskin on 05/26/2023
The Alternative Minimum Tax (AMT) is a federal tax system designed to ensure that high-income individuals pay their fair share of taxes. The AMT was introduced in 1969 to target high-income...
Posted by Taxes Made EZ Inc on 05/16/2023
IRS plans are a popular method for taxpayers to pay off their tax debt over a while. An installment plan allows you to pay off your tax debt in smaller, more manageable payments...
Posted by KLSM CPA Firm PLLC on 05/16/2023
Retroactive tax legislation is an issue that has been debated for a long time in the United States. Retroactive taxation occurs when the government imposes a new tax law that applies...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/08/2023
As a business owner, it is crucial to be aware of the various tax credits available to reduce your business taxes. Tax credits are a form of tax relief that allows you to reduce your...
Posted by Tiffany Gaskin on 05/08/2023
Payroll is an essential part of any business, and it can be a challenging task, especially when it comes to managing taxes. Many business owners need help with payroll management,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/30/2023
The student loan interest is another contemplation that requires logic and skills to get what you want from the federal income tax. Remember that it is a loan, but you can still make...
Posted by Dennis Jao on 04/30/2023
