There are many milestones in life; birth, marriage, and death are three of the biggest milestones we will ever have. Whether you are planning to marry or getting married, "talking...
Posted by Taxes Made EZ Inc on 07/01/2022
Tax planning is becoming a habit in the US. The economy is shrinking; unemployment is increasing, resulting in careful tax planning. Hardship can cause a pothole in your tax bracket,...
Posted by Abundant Wealth Planning LLC on 07/01/2022
Almost every part of the world is still feeling the impact of the pandemic, and a way out initiated by the government is through stimulus payment. The Internal Revenue Service distributes...
Posted by Pat Raskob on 07/01/2022
2021 was a special year for the CTC (Child Tax Credit). In 2022, the credit returns to the previous rules: it will be smaller, partially refundable, and no longer available to low-income...
Posted by Income Taxes and Bookkeeping LLC on 07/01/2022
You may be familiar with tax credits, but you may also be wondering: what are refundable credits and what are non-refundable credits?What is a refundable tax credit versus a non-refundable...
Posted by Abundant Wealth Planning LLC on 06/24/2022
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
Income tax is paid on earned income, interest, dividends, royalties, or self-employment in the form of services, money, or goods. Capital gains tax is paid on income from the sale...
Posted by KLSM CPA Firm PLLC on 04/17/2022
If you know you'll get a refund at tax time; filing taxes can be a lot of fun. But if you suspect you owe the IRS money that you don't have, it can be difficult to even begin...
Posted by Rosovich & Associates, Inc. on 03/31/2022
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
