Feb 4, 2021 | Tax Tip
Educators can now deduct out-of-pocket expenses for COVID-19 protective items WASHINGTON � Eligible educators can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom. COVID-19 protective items include, but are not...
Jan 14, 2021 | Tax Tip
IRS reminds taxpayers to make final estimated tax payment for 2020 WASHINGTON − Taxpayers who paid too little tax during 2020 can still avoid a tax-time bill and possible penalties by making a quarterly estimated tax payment now, directly to the Internal Revenue...
Dec 1, 2020 | Tax Tip
Tips to help people stay safe online These days most people are spending more time at home and a lot more time online. Whether people are online for work, school, a virtual gathering or shopping, online security is more important than ever. Everyone should be mindful...
Nov 4, 2020 | Tax Tip
New income ranges for IRA eligibility in 2021 There are cost of living adjustments that may affect a taxpayer’s pension plan and other retirement-related savings next year. People should familiarize themselves with these adjustments, so they aren’t caught off guard....
Oct 1, 2020 | Tax Tip
Taxpayers should know and understand their correct filing status Taxpayers need to know their correct filing status and be familiar with each option. Generally, the taxpayer’s filing status depends on whether they are single or married on Dec. 31 and that...
Sep 17, 2020 | Tax Tip
What to know about the tax-exempt application process for charities Organizations that meet specified requirements under Section 501(c) of the Internal Revenue Code may qualify for tax-exempt status. These include charities, social welfare organizations, civic...
