Valerie Flores
Required Distributions: Changes You Need to Know
The Setting, Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), changed the rules for taking distributions from...
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Valerie Flores
Apr 25
Some States Will Offer Home Energy Rebates in 2024
The Inflation Reduction Act of 2022 included two provisions allowing rebates for home energy efficiency retrofit projects and home...
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Valerie Flores
Jan 9
New Retirement Savings Options for 2024
The SECURE 2.0 Act, passed in December 2022, made wide-ranging changes to U.S. tax laws related to retirement savings. While some...
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Thomas Schorn
Aug 1, 2023
RMD Relief and Guidance for 2023
In early 2022, the IRS issued proposed regulations regarding required minimum distributions (RMDs) to reflect changes made by the Setting...
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Valerie Flores
May 18, 2023
New Clean Vehicle Tax Credit Guidance Issued
Starting in 2023, a personal or general business tax credit of up to $7,500 is available to purchase new clean vehicles meeting specific...
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Valerie Flores
Dec 15, 2022
Tax-Friendly Giving Strategies
You may donate money to charitable organizations throughout the year for no reason other than your heart-felt desire to support causes...
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Thomas Schorn
Aug 30, 2022
Reducing Taxes in Retirement
States vary widely in how they tax retirement income, so where you live is an essential consideration in tax planning for retirement....
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Thomas Schorn
Aug 23, 2022
Inflation Reduction Act: What You Should Know
The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate...
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Thomas Schorn
Jul 10, 2022
IRS Refund Delays
I contacted the Taxpayer Advocate Service since I am receiving many calls from clients asking when they would receive their tax refunds....
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Valerie Flores
Jul 2, 2022
NEW MILEAGE RATE effective July 1st
Beginning July 1, 2022, the IRS has increased the standard mileage rate for business use to 62.5 cents per mile. That's a 4 cent increase...
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Thomas Schorn
Apr 30, 2022
Required Distributions: Changes You Need to Know
The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 changed the rules for taking distributions from retirement...
567
Thomas Schorn
Mar 10, 2022
Watch Out for These Common Tax Scams
According to the Internal Revenue Service (IRS), tax scams tend to increase during tax season and times of crisis.1 Now that tax season...
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Thomas Schorn
Feb 24, 2022
Florida Internship Tax Credit Program
The Florida Internship Tax Credit is now available to be claimed by taxpayers for taxable years beginning on or after January 1, 2022....
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Thomas Schorn
Jan 27, 2022
Stimulus check update: Look for IRS 6475 – are you owed money
Be sure to keep an eye out for Letter 6475, Your Third Economic Impact Payment from the IRS. This letter will help you determine if you...
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Thomas Schorn
Jan 25, 2022
Reasons Some Non-Filers Should File This Year
With tax time's arrival, those Americans who don't normally have to file an income tax return usually think their circumstances mean they...
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Thomas Schorn
Jan 13, 2022
Salt Tax Limitations Work Around
For tax years 2018 through 2025, the Tax Cuts and Jobs Act of 2017 (TCJA) limits individual itemized deductions for state and local...
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Thomas Schorn
Nov 18, 2021
Year-End Charitable Giving
With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our...
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Thomas Schorn
Nov 13, 2021
RMD Roundup: A Few Key Updates About Required Minimum Distributions
As we approach the end of 2021, now might be a good time to take a closer look at a few developments surrounding required minimum...
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Thomas Schorn
Sep 18, 2021
Current Tax Draft Legislation
On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases and tax...
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Thomas Schorn
Sep 18, 2021
Hurricane IDA State of Emergency Tax Deadlines For Pennsylvania Residents
Taxpayers required to file returns with an original or extended due date on or after August 31, 2021, and before January 3, 2022, with an...
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