Tax Tips Blog
It’s Not Too Late for an IRA Contribution
Most of the time an expense that may be tax deductible needs to be paid by the end of the year for which the expense will be claimed. However, there…
IRS Warns of Employee Retention Credit Scams
Each year the IRS compiles the Dirty Dozen, a list of tax-related scams that consumers should be on the lookout for. First up this tax season, the IRS is highlighting…
You Can Now Get a Tax Credit For Buying a Used Electric Vehicle
2023 brings with it a whole new set of rules related to qualifying for a tax credit for purchasing a used electric vehicle. This is the first time that used…
Home Energy Improvement Credit Is Enhanced
This credit goes all the way back to 2006, providing a tax credit for making energy-saving improvements to a taxpayer’s home. This tax benefit was supposed to expire after 2021…
Tax Benefits for Grandchildren
If you are a grandparent there are several things, you can do to teach your grandchildren financial responsibility and set aside money for their future education and retirement. Before we…
Many Taxpayers Will See Smaller Refunds This Year
Congress has for years used the tax return as a means of providing benefits to taxpayers in need and incentives to stimulate activities in business, as well as addressing environmental…