As the United States enters a new year, many Americans wonder what changes they can expect in federal tax legislation in 2023. Tax laws are constantly evolving, and even small changes...
Posted by Dennis Jao on 05/31/2023
The federal solar tax credit, also called the investment tax credit, allows users to apply up to 30% of the cost of their solar energy on their federal tax. This credit can be...
Posted by Pat Raskob on 05/27/2023
The collection of income taxes is done on an ongoing plan. And for many, the employer pays both the federal and income state taxes by removing a percentage of the income from each...
Posted by Tiffany Gaskin on 05/26/2023
The Alternative Minimum Tax (AMT) is a federal tax system designed to ensure that high-income individuals pay their fair share of taxes. The AMT was introduced in 1969 to target high-income...
Posted by Taxes Made EZ Inc on 05/16/2023
When it comes to student loan repayment, married couples face unique challenges. The decision to file taxes jointly or separately can significantly impact the amount of taxes owed...
Posted by Dennis Jao on 05/08/2023
As a business owner, it is crucial to be aware of the various tax credits available to reduce your business taxes. Tax credits are a form of tax relief that allows you to reduce your...
Posted by Tiffany Gaskin on 05/08/2023
The labor market is a tight space with talented workers making it a competing ground for companies. Thus, the tax system has tax credits to assist employers in providing for their...
Posted by KLSM CPA Firm PLLC on 04/27/2023
Severance taxes are a form of tax imposed on the extraction of natural resources such as oil, gas, coal, or timber. These taxes are levied on businesses that extract natural resources...
Posted by Dennis Jao on 04/21/2023
Taxes are an essential part of our economy and help fund various government services and programs. However, navigating the world of taxes can be confusing and overwhelming for many...
Posted by Pat Raskob on 04/09/2023
