Many older children these days now look after and take care of their aged parents. Unknown to many; however, Uncle Sam can reward you in the form of tax credit for such care to reduce...
Posted by Elliot Kravitz, ATP on 06/24/2021
For people that have combined their finances with their partner over the years, having to file your taxes alone might be a shock. However, there is enough information to make filing...
Posted by Abundant Wealth Planning LLC on 06/11/2021
There are situations in which multiple parties claim the same dependent. For example, in divorced cases, a child may be claimed as a dependent by both parents. In general, only one...
Posted by James Financial Services Inc on 04/27/2021
Tax credit for other dependents is a system designed by Uncle Sam in which relations (nuclear and extended families) can qualify for tax credits. With this credit, taxpayers can get...
Posted by Pat Raskob on 03/31/2021
As the business world becomes more competitive and everyone seeks efficient operations in terms of time and money, the practice of Business Process Outsourcing (BPO) becomes more and...
Posted by James Financial Services Inc on 03/28/2021
Are you wondering if there is a hard rule on taxable income and non-taxable income? The answer is simple: all income is taxable unless it is expressly excluded by law. But, as you've...
Posted by Elliot Kravitz, ATP on 03/17/2021
What is alimony payment? This is a payment between current spouses or ex-spouses due to an ongoing separation in a marriage or divorce. Alimony (sometimes called support) payments...
Posted by Dennis Jao on 03/05/2021
A defined benefit plan is an employer-sponsored pension plan in which benefits are calculated using a formula that considers various factors, such as salary history and length of employment....
Posted by Abundant Wealth Planning LLC on 01/01/2021
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
