If you find your tax refund is not as large as you hoped it would be, it may be time to look at your withholding allowances. The number of allowances claimed on your W-4 determines the amount of tax withheld from your income. Too little tax being withheld each paycheck trickles down and affects the …
Is 2021 the year you plan to make some energy-efficient changes to your home? The IRS offers tax credits, to place solar electricity or make solar heat improvements for your home. The IRS Website explains the exact breakdown of these tax credits for solar energy improvements. Why Solar As described on EnergySage, solar energy is …
When determining if you may claim a potential-dependent, the general rule of thumb states that between food, lodging, clothing, and other necessities, you must have provided at least half of their total support for the tax year. Additionally, the dependents can have their own tax return, but they may not file a joint tax return …
As tax time rolls around, there are several questions we hear more regularly. One common query is whether a client should itemize deductions or take the standard deduction. Before answering that, we thought it would be helpful to take a look at the difference between exemptions, credits, and deductions. Deductions – also reduce your taxable …
Do you prefer to file your own taxes online? If so, please consider File for a Cause and when you do a portion of the filing fee will directly go to support a local organization – Excentia. File for a Cause utilizes a very easy to navigate, user friendly, and most importantly – secure, online …