For 2024, there were no major changes to federal tax law. In December 2022, the SECURE Act 2.0 was passed, which made many changes to...

Tax preparers often encounter clients who are confused about the various tax credits available to them. Understanding these credits can...

A common question parents have is, “How might I save for a child’s post-secondary education in a tax-beneficial way?” The answer depends...

Many parents who work or are actively looking for work must arrange for care of their children after the school day ends, on weekends...

You can use credits and deductions to help lower your tax bill or increase your refund. Deductions can reduce the amount of taxable...

The kids are back in school! Things like student loans, scholarships, and fellowship grants can play a role in parents’ and college...

The Inflation Reduction Act that President Biden signed into law in August of 2022, has a provision that could benefit many small...

Despite warnings from the IRS, AICPA, and other professional tax organizations many business owners are being misled into filing for the...

Expanding your family? Whether you’re in the planning stages or your bundle of joy has already arrived, raising a child is one of life’s...

Going all the way back to 2006, except for 2008, the federal tax code has offered a tax credit for making energy-saving improvements to a...

With the recent passage of the Inflation Reduction Act of 2022, the electric vehicle credit has undergone some major changes. Although...

President Biden signed into law the Inflation Reduction Act (IRA) of 2022 which is a scaled-back version of the prior Biden...

If you have been considering installing a solar electric system on your home and taking advantage of the lucrative federal tax credit,...

The Work Opportunity Tax Credit (WOTC) is a general business credit that is jointly administered by the Internal Revenue Service (IRS)...

Early in 2021 Congress passed the American Rescue Plan which included a provision that increased the child tax credit amount and upped...

If you claimed the employee retention credit (ERC) in the fourth quarter of 2021, please be aware that there is a retroactive change...

This is an overview of the several tax benefits that were included in the American Rescue Plan Act recently passed by Congress that will...

As we noted in prior articles, Congress has made substantial changes to the child tax credit (CTC) for 2021. · The CTC has been increased...

The Internal Revenue Service and the U.S. Department of the Treasury announced recently that the first monthly payment of the expanded...

In order to help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid,...