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Electric Vehicle Credits Phasing Out

Published on May 17, 2022

Article Highlights: Tax Credit Credit Phase-Out Determining the Credit Off-Road Vehicles and Golf Carts Allocation…

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Writing Off Your Business Start-Up Expenses

Published on April 26, 2022

  Article Highlights: $5,000 First-year Start-up and Organizational Expense Write-off Timely Filing Requirements Qualifying Start-up…

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Tax Filing Deadline

Tax Filing Due Date Rapidly Approaching!

Published on March 21, 2022

Just a reminder to those who have not yet filed their 2021 federal tax return…

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Is Interest Paid on Borrowed Money Tax Deductible

Published on February 10, 2022

If you borrow money will the interest you pay be deductible for income tax purposes?…

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Hobby or For-Profit Activity? The Answer Makes A Dig Difference For Tax Purposes

Published on February 10, 2022

If you are engaged in an activity that produces income, the big tax question is…

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Twists and Turns of The Education Tax Credits

Published on February 10, 2022

If you have a child or children in college, or perhaps you or your spouse…

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Important Enhancements to Earned Income Tax Credit for 2021

Published on February 10, 2022

The earned income tax credit (EITC) is regarded as one of the government’s largest antipoverty…

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How Can a Nonworking Spouse Qualify to Fund an IRA

Published on January 6, 2022

One of the fallouts of the COVID-19 pandemic is that millions of people have dropped…

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Advance Child Tax Credit and EIP Must Be Reconciled on Your 2021 Return

Published on January 6, 2022

Early in 2021 Congress passed the American Rescue Plan which included a provision that increased…

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Tax Treatment of Reverse Mortgages

Published on January 6, 2022

With inflation on the rise and medical care costs escalating, what options do seniors have…

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