by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
Deducting Educator Expenses With the 2017 Tax Cuts and Jobs Act came a massive increase in the standard deduction. In 2019 and 2020, Forbes magazine estimates that over 90% of taxpayers will take the standard deduction rather than itemize on Schedule A. That’s good...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
Most of us are familiar with paying income or property tax; but have you heard of the gift tax? In most instances, the government does not tax a gift from one person to another. However, in some circumstances, particularly for wealthy individuals, a tax on gifts can...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
Straight from the IRS Website: Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
With 2022 tax season approaching, it is time to begin gathering the tax information needed to complete your 2021 tax return. This will include two types of government payments you may have received during 2021, the $1400 per person stimulus payment (AKA the economic...
