The HEART (Heroes Earnings Assistance and Relief Tax Act 2008) Acts provides tax and retirement benefits for service members who are disabled while on active service for more than...
Posted by KLSM CPA Firm PLLC on 02/23/2021
A Coverdell education savings account, also known as CESA, is a tax-deferred trust account. It is a creation of the Federal government to help American families fund educational expenses...
Posted by Unifirst Financial & Tax Consultants on 02/22/2021
In making some taxable gifts above a certain threshold, one will be subjected to a federal gift and estate tax. For the 2020 tax year, an individual can give away $11.59 million during...
Posted by The TaxAdvocate Group, LLC on 02/09/2021
A lot of people do not find it easy to gather the funds they require for their retirement. There is, however, an incentive from the IRS called the retirement saving contribution, which...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 01/31/2021
This shouldn't come as a surprise, but the cost of healthcare is increasing. And, while it's kind of a bumper, there is a silver lining. There is a really useful way to offset...
Posted by International Tax Consultants, LLC on 01/30/2021
With many tax benefits available for education, it is evident that the government is interested in making higher education open and more accessible for many people. It can be...
Posted by One Stop Taxes on 01/20/2021
Being a self-employed, independent contractor, or working for a small business can seem like a dream. However, one downside is that you are unlikely to have access to a workplace pension...
Posted by Flynn Financial Group Inc on 01/14/2021
Nontaxable Income One needs to know which income will not be subjected to taxes. Taxes should only come from taxable income, making it essential to remove nontaxable income from...
Posted by Daniel P Vigilante CPA and Profit Consultants on 01/07/2021
Traders can enjoy significant tax savings and here are some rules that the IRS checks before qualifying traders.Hours: It would help if you spent at least four hours per day trading...
Posted by Don Bell Law on 12/20/2020
