There are several options for deducting interest on student loans and student loan payments from federal income tax returns, including deducting interest on student loans, 529 eligible...
Posted by Aurelia E Weems CPA on 11/30/2020
One of the legislation's outputs for tax reform is establishing the Global Intangible Low-taxed Income (GILTI). The idea is to provide global (minimum), which brings about several...
Posted by James Financial Services Inc on 11/09/2020
The Earned Income Tax Credit is a unique tax credit that is specifically given to taxpayers who earn low to medium wages. The credit was first introduced in 1975 in an effort to reimburse...
Posted by Daniel P Vigilante CPA and Profit Consultants on 10/29/2020
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
Accumulating financial assets in a tough and competitive world is hard work. Yet, no matter how much you have, there are sharks and potholes along the way ready to eat at your financial...
Posted by Carmen Garcia on 08/30/2020
Across the nation, hundreds of thousands of people turn 65 every day. More than half of these percentages do need some form of assistance and long term care. As a result, the market...
Posted by Unifirst Financial & Tax Consultants on 08/28/2020
As the on-demand economy grows, being a delivery driver can be a great way to earn money, full time, or as a part-time job. Whether you work for companies like Amazon, UPS, or a new...
Posted by Unifirst Financial & Tax Consultants on 08/13/2020
All countries tax the income of multinational corporations within their borders. The United States also imposes a minimum income tax that U.S. multinationals get in low-tax foreign...
Posted by Aurelia E Weems CPA on 08/07/2020
