On Wednesday, President Biden announced a tax credit available to small and mid-size employers that offer paid time off for their...

Are you a little impatient when it comes to your refund status. The good news is that the IRS “Where’s My Refund?” tool makes it easy for...

The CARES Act was the first of three major COVID-relief packages that have infused the US economy with stimulus funds for items like...

As families begin to prepare for retirement, one of the tensions they may be wrestling with is being able to control their taxable income...

As noted in a recent post, the Treasury Department and Internal Revenue Service announced on March 17, 2021, that the federal income tax...

On Thursday, March 11, 2021, the American Rescue Plan Act of 2021 (ARPA 2021) was signed into law. This Act is a $1.9 trillion emergency...

You should not amend your 2020 federal tax return if your original return included unemployment benefits and was filed before the passing...

The IRS announced on Wednesday that it is extending the federal income tax filing and payment deadline to Monday, May 17, 2021. During...

College planning is an essential topic for most families. Clients consistently ask me what they should anticipate paying for college....

The American Rescue Plan Act of 2021 makes a portion of unemployment compensation non-taxable for certain filers (less than $150,000...

The American Rescue Plan Act of 2021, signed into law on March 11, includes a third round of stimulus payments. The IRS will begin...

Opening and contributing to your spouse's IRA is simple but usually overlooked. To contribute to a spouse IRA you must file a joint tax...

Tax planning is one of those activities where you get out of it what you put into it. Tax planning, not tax prep, can reduce your tax...

To complete your 2020 return, you will need your Recover Rebate Credit(s) received. The credits are not taxable but need to be known to...

Two emergency relief bills passed in 2020 in response to the COVID-19 pandemic will make this an unusual tax season for many taxpayers....

The IRS is issuing millions of COVID-19 relief stimulus payments on prepaid debit cards aimed at those who do not have direct deposit....

The CARES Act expanded the scope of Internal Revenue Code (IRC) Section 127—which addresses employer-paid tuition benefits—to include up...

The IRS has announced that the federal income tax filing season for the tax year 2020 returns begins on Friday, February 12, 2021....

The Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of...

With the holiday season upon us, it is time when charitable giving often comes to mind. The tax benefits associated with charitable...