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3/25/2021 3rd StimulusYet another stimulus was passed in mid-March to give many Americans more relief from financial setbacks related to the COVID pandemic…..
3/18/2021 Refund DelaysSince the onset of COVID and the 2019 tax filing season, taxpayers have been seeing delays in receiving their refunds. So what can you do if you’re one of the many experiencing this delay?
3/18/2021 Tax Deadline ChangesThe IRS has once again made adjustments to tax deadline dates. See below for the different changes and how they affect you…..
Yet another COVID measure is being signed into law on Friday, March 12. See below for specifics expected to be included…
COVID brought about a ton of financial changes in 2020. The biggest one on most minds was the stimulus payments that went out. It became a very confusing topic all year. The IRS has provided clarification. See below…
2/18/2021 2020 Tax Return Items to RememberThe CARES Act that came about as a result of COVID brought about several changes to 2020 tax returns. Below is a quick breakdown of a few items…
2/11/2021 Key Financial Data 2021We always like to keep you updated with changes in tax & financial info. Click below for a short-version form of tax update changes from 2020 to 2021, as well as a more expansive full-version of key financial data for the 2021 tax year.
NOTE: some information will very likely be modified with the administration change, as taxes will likely see further reform. We’ll be sure to keep you updated! With COVID, many employees are now working out of home. We’re receiving lots of questions on the deductibility of home office expenses and the like. See below for a recap on how these deductions work!
Each year, home loan limits are assessed as they relate to average home prices. Appreciation in home values can lead to an increase in loan limits. See below for how this impacts you…
11/18/2020 Taxes & Working From HomeBecause of COVID, more and more people are working from home these days. Below is a breakdown of the tax implications of work-related expenses…..
10/9/2020 Year-End Tax PlanningToward the close of each year, we like to provide ideas for year-end moves, as well as items that may be best delayed into the next year. This year is different than any other we’ve seen in a long time! See below to learn why…..
9/16/2020 Presidential Candidate Tax PoliciesWith the election season upon us, we figure we’d give you a brief layout of what the individual candidates have said will be their tax policy. There’s no personal opinion here…so please refrain from responding with political fireworks!
8/31/2020 COVID Retirement Withdrawal ReliefYes, another news flash related to the coronavirus! The IRS has implemented several measures in response to the COVID pandemic. One major one is the provision that allows for temporary changes to retirement plan withdrawal and loan rules.
8/13/2020 IRS Sending Out Interest MoneyWe’ve received several messages from clients this week about mysterious money hitting their bank account from the IRS. What is going on?
7/30/2020 Home Values and COVIDWhat is going on with home values?! Many areas in the United States are experiencing significant run-ups in home values…..
7/9/2020 Tax Deduction for Home ImprovementsUnfortunately, renovations made to your primary home are not usually deductible for tax purposes. However, you can still benefit tax-wise from renovations in certain instances. See below for some examples:
6/18/2020 Mortgage ForbearanceOne of the government implementations with COVID is to allow mortgage forbearance for borrowers who are directly affected by the virus. But before you jump for relief, it pays to know the details…..
The IRS has set Wednesday, May 13 as the deadline for entering direct deposit info into the “Get My Payment” link on the IRS site.
The IRS Get My Payment site for stimulus payment functions has been upgraded as of yesterday, in order to improve functionality.
4/20/2020 Stimulus Payment UpdateThe stimulus payments (Economic Impact Payments) are a very popular topic of conversation these days!
A lot has changed with our world in just a few weeks.
We wanted to provide you the following updates as it relates to your taxes and the government stimulus package that was just signed last Friday. How We’re Doing Our Part... We’re well setup to handle your full tax needs remotely; no physical meetings required. And we’re also still available to take drop-offs at our office. Feel free to contact us with any questions about how we’re handling tax returns seamlessly in the midst of this crisis. 3/19/2020 Tax Changes Related to CoronavirusWe’re sending this update to provide information regarding the current state of tax return requirements during these uncertain times. Of course things are changing rapidly in our world, so this info is subject to change.
2/27/2020 Insurance Evaluation GuideFICA (Federal Insurance Contributions Act) is the federal law that imposes Social Security & Medicare taxes on earned income. These are the added line items most employees see on their paychecks. Below is a breakdown of how these taxes work and how they impact you…..
2/13/2020 Key Financial Data For The 2020 Tax YearWe want to make sure you're aware of the changes in key financial data for the 2020 tax year.
Below you'll find a short-version form of tax update changes from 2019 to 2020...as well as a more expansive, full-version of key financial data for the 2020 tax year. |
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