Watch Out for Tax Penalties
With the July 15 tax filing deadline behind us, it’s time to start thinking about your 2020 taxes.
Household Employee Payroll Tax Rules: 7 Things You Need to Do
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about—or one that you do know about but are ignoring.
5 Tips to Prepare for Parenthood
As you prepare for life with your baby, here are a few things you should think about.
Could You Be Responsible for Your Parents’ Nursing Home Bills?
There are 26 states where laws generally hold children financially responsible for certain debts of their parents.
Employers: Don’t Miss Out on the Work Opportunity Credit
The WOTC is typically worth up to $2,400 for each eligible employee, but it can be worth up to $9,600 for certain veterans and up to $9,000 for “long-term family assistance recipients.”
The Changing College Landscape
The 2020-2021 academic year is right around the corner, and the coronavirus pandemic has upended the college world, like everything else.
You Should Be Keeping Home Improvement Records
There are certain situations when having home improvement records could save taxes.
Charity Volunteer Tax Breaks
If you volunteered your time for a charity or governmental entity during the COVID-19 pandemic, some deductions are permitted for out-of-pocket costs incurred while performing the services.
4 Steps to Establish Your Financial Safety Net
When a financial emergency arises, do you find yourself scrounging for pennies? Consider setting up an emergency reserve. Learn more in this week’s Financial Tip.
Beware of These 3 Types of Coronavirus-Related Fraud
The IRS and other government agencies have noted a rise in scams and other fraudulent activities surrounding the COVID-19 crisis.