In most cases, taxable income is a fairly straightforward figure to calculate. Typical sources of income – such as wages, self-employment, interest, or dividends – are reflected as cash that…
Tax Notes The IRS advised that high deductible health plans (HDHPs) can cover the costs for testing and treatment of COVID-19 without losing their status as an HDHP. As we…
While most adults are keenly aware of income taxes and income tax returns, there is a lesser-known type of tax return that may be required for certain individuals. As the…
Do You Have a Balance Due? If planned correctly, tax time shouldn’t have to be unpleasant. I can help you with that. If you wind up with a balance due,…
Extenders Bill In December, the president signed the Further Consolidated Appropriations Act, 2020, which contains the SECURE Act and extenders. These acts affect you in many ways. First, the SECURE…
The New W-4 The IRS released a new Form W-4, Employee’s Withholding Certificate for 2020. Let’s take a closer look at the new withholding calculation method provided with this form.…