Category: Tax Central

During the coronavirus pandemic, it’s our goal to continue supporting the health, safety, and prosperity of our clients in any way we can. In this

Article Highlights: Credit Amounts  Deceptive Advertising  Refundability  Worth the Cost?  Qualifying Property  When Is the Credit Available?  Who Gets the Credit  Multiple Installations  Battery  Installation

Article Highlights: Charitable Contributions  Educator Expenses  Performing Artist Expenses  State and Local Government Officials’ Expenses  Health Savings Account Contributions  Moving Expenses for Members of the

Article Highlights: Employment (Earned) Income  Earned Income Tax Credit (EITC)  Child Tax Credit (CTC)  2019 or 2020 Earned Income  Credit Qualifications  Because of the pandemic,

Article Highlights: Single  Married Filing Jointly  Surviving Spouse  Married to a Nonresident Alien  Head of Household  Married Filing Separate  Filing status is determined on the

Because of the pandemic, many have been forced to work from home for the past year. A frequent question is do they qualify for a

Article Highlights: COVID Work from Home Requirements  Employee Versus Self-employed  Qualifications  Actual Expense Method  Simplified Method  Home Office Expenses for Renters vs. Homeowners How Moving

Article Highlights: Economic Impact Payments  High-Income Taxpayer Phaseout  Reconciliation  Dependents  Decedents  Social Security Number Requirements  Non-Filers  IRS Information Sites  The American Rescue Plan Act has

Article Highlights: CARES and COVID Tax Relief Acts  Unemployment Benefits  American Rescue Plan  Tax-Exempt Portion of Unemployment  Bogus Forms 1099-G  Kiddie Tax and Unemployment  States’

Article Highlights: Additional Credit Amounts  Refundability High-Income Phaseout  Advance Payments  Reconciliation of Advance Payments with Credit  Child’s Death  Online Portal  An increased child tax credit