Even though an electric vehicle might be a costly investment, it might qualify one for some financial incentives, which could mean some cash back to the owner. Everyone who qualifies...
It's the start of the 2021 tax season, and you can't wait to get started. Gather your documents for the 2020 tax year and complete federal and state taxes before the filing...
The country is gradually recovering from the Coronavirus's effects, and the tax deadline has been pushed until May 17th and while we have just over a month to the filing deadline,...
A daycare is a licensed business that can enjoy tax deductions. Like other businesses, a tax deduction is a way to bring down your entire tax liability. What is a Business Deduction?Any...
Debt consolidation brings various debts together into a single balance transfer with the idea of bringing down the interest rate and setting up a reasonable monthly fee that will be...
Ideally, scholarships and grants should not be taxable, which is good news for students. However, it is too early to rejoice as Uncle Sam might want a cut based on the amount you got...
Posted by Pat Raskob on 03/08/2021
The IRS' voluntary Classification settlement program offers taxpayers an opportunity to reclassify workers as "employees" for tax with the hope of getting limited tax...
To help taxpayers adopt children, U.S. tax laws provide an adoption credit, up to an inflation-adjusted maximum, for adopting a child under 18 or a person of any age with a physical...
The IRS has updated and revised its revenue procedures governing determination letters, letter ruling, and other guidelines, including guidelines on employee benefit plans. These income...