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Tax season is upon us once again. As you prepare to file your 2021 tax return, watch out for important dates, changes, and correspondence fr

With the new year comes yet another tax season! As you gather your 2021 tax information, be on the lookout for correspondence from the IRS. If you received advance payments of the child tax credit during 2021, you should receive a letter that will help simplify your tax return and maximize any remaining amount owed to you. The American Rescue Plan Act (ARPA) of 2021 revised and expanded the child tax credit for the 2021 tax year, increasing the maximum credit amount and aut

Thanks to the pandemic, tax return processing will be starting a bit late this year. The IRS typically begins accepting and processing [...]

If you spent money on education-related expenses for yourself or a dependent this year, you are likely eligible for a tax benefit on your 2019 return. Continue reading for answers to common questions regarding education-related tax deductions and credits [...] If your modified adjusted gross income is $65,000 or less (or $130,000 if married filing jointly), you may claim a deduction of up to $4,000. If your MAGI is between $65,001 and $80,000, you may claim [...]

If you’re wondering whether you can deduct medical or dental expenses on your 2019 tax return, the answer is...maybe. If you take the standard deduction on your federal tax return, you may not deduct any medical or dental expenses. If you choose to itemize your deductions instead, you may deduct eligible medical/dental expenses that exceed 7.5% of your adjusted gross income (AGI) for 2019. For tax year 2020, this threshold will increase from 7.5% to 10% of your AGI. [...]

Whether you freelance or own a small business, being self-employed comes with a host of challenges and responsibilities, including unique tax requirements. If you are considered self-employed for tax purposes, it is up to you to accurately track and report your income and make any required tax payments. Maintaining a clear understanding of your tax responsibilities will give you peace of mind during tax season and throughout the rest of the year. [...]

As the decade comes to an end, tax season draws near. If you are looking for ways to reduce your taxable income, you may be surprised at just how easy it can be to lower your tax bill. Follow these suggestions to help you save this tax season. If your last tax bill was larger than expected, you can avoid another unpleasant surprise next tax season by adjusting your withholding amount. You can change your withholding amount at any time by filing a new W-4 form with your empl

If you have recently gotten divorced from your spouse, the process of filing taxes may feel particularly daunting this year. You probably have some questions relating to filing status, the tax implications of paying or receiving child support, or other topics. To help you navigate the upcoming tax season, we’ve answered some commonly asked questions below. Armed with a bit of information and the expertise of a reliable accounting firm, you’ll breeze through the 2019 tax seaso

Did your family grow this year? Our tax tips for new parents will help ensure a smooth tax season for your family.

If you got married this year, congratulations! As you navigate the many changes that come with this major life event, be sure to consider the tax implications involved. To help you avoid a headache in the coming tax season, we’ve answered some common questions to help you determine your new tax filing status. If you are married on the last day of the tax year for which you are filing, you and your spouse must file as a married couple. In order to declare yourself married on