Recent Articles
Who Qualifies for the Retirement Savings Credit?
Do not forget that making contributions to IRAs and qualified plans has additional tax and financial advantages. Even if you don’t qualify for the retirement saver’s credit, this is usually a good idea. An employer-sponsored qualified retirement plan account, such...
Seven Ways to Reduce Holiday Debt and Raise Your Savings
You may improve your financial situation in the new year and improve your quality of sleep by taking a few easy actions. If you recently overspent on holiday-related items and activities, you are not alone. The National Retail Federation forecasted...
IRS reports that the 2023 tax season will begin on January 23.
The IRS anticipates receiving more than 168 million individual tax returns this year, the majority of which will be submitted before April 18. The IRS said on Thursday that the 2023 tax filing season will start on Jan. 23, the...
Payroll-Related Problems Top 10 Business Concerns for 2023
A list of the most pressing compliance issues that employers will face in 2023. Businesses in the United States face a slew of regulatory issues, and keeping up with changes can be difficult. We have compiled a list of the...
Real Estate Professionals Face Difficult Tax Law Exam
Investors can typically deduct only as much of their passive income for the year from investments like real estate in which they have no material involvement. When so-called “real estate professionals” claim significant deductions for rental real estate losses, the...
IRS fixed 14 million tax returns, with a $1,232 average refund.
A large portion of the 12 million refunds result from a change in how unemployment insurance taxes were calculated. According to the tax authority, the Internal Revenue Service recently finished fixing errors on about 14 million tax returns for 2021,...