Taxpayers should find out if they can benefit from the earned income tax credit
The earned income tax credit benefits working individuals and families with low to moderate incomes. EITC can lower a taxpayer’s taxes, and even result in a refund. To take advantage of this credit, taxpayers must file a tax return and claim…
Read moreIs it Deductible? Tax Year 2019 Edition
In our very long and complex tax code, tax deductions come in all shapes and sizes, and have a lot of sticky rules attached to them. For example, business expenses must be ordinary (common and accepted in an industry) and necessary…
Read moreWhat is Tax-Loss Harvesting? How can I Turn Investment Losses Into Tax Savings?
What is Tax-Loss Harvesting? How can I Turn Investment Losses Into Tax Savings? It is that time of the year again, the days are getting shorter and the workload for accountants around the country is getting heavier. Tax season is…
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