Article Highlights: Withholding Other Prepayments Tax Credits Earned Income Tax Credit Child Tax Credit American Opportunity Tax Credit Recovery Rebate Credit These days the tax
Article Highlights Aging Population Home Improvements for Medical Care or Treatment Improvements That Increase the Home’s Value Improvements That Do Not Increase the Home’s ValueÂ
Article Highlights: Medical Deduction Tuition To Treat Learning Disabilities is Deductible Special Teaching Techniques Private Letter Rulings A component of itemized deductions is the cost
Article Highlights: Interest Categories Category Deductibility Interest Tracing Rules If you borrow money will the interest you pay be deductible for income tax purposes? The
Article Highlights: Largest Antipoverty Program Taxpayers Not Required to File Earned Income Filing Age Threshold Investment Income Childless Workers Maximum Credit and Phase-out Ranges Qualifying
Article Highlights: Prior Article ID.me Treasury Decision IRS Third-Party Authentication A prior blog article posting included an article about the IRS’ plans to use ID.me
Article Highlights: Form 1099-K Reporting Threshold Marketplaces Payment Processors (credit and debit cards) Online Service Providers Airbnb and VRBO Delivery and Other Personal Services Business
Article Highlights: Itemized Deductions Above-the-Line Deductions Below-the Line Deductions Business Deductions Asset-Sale Deductions Refundable Credits Nonrefundable Credits Carryover Credits Business Tax Credits Tax lingo, even
Article Highlights: Winnings Losses Documentation Charity Raffles Social Security Income Health Care Insurance Premium Subsidies Medicare B & D Premiums Online Gambling Accounts Dependents Although
Article Highlights: Stepped-Up Basis Inherited Basis Inheritance Basis Example Step Down Basis Long-Term Capital Gains Tax Rates Jointly Owned Property Gifting Prior to Death You
