Tax Law Updates to Know for 2023
Changes for the 2022 tax year reflect recent economic changes and some tax law reversals as COVID-19 related tax relief… Read more
Tax Law Changes
Understanding the Mortgage Interest Deduction
The mortgage interest deduction allows homeowners to reduce their taxable income by the amount of interest paid on a qualified… Read more
Why You Might Get a Form 1099-K and What it Means for Your Taxes
The American Rescue Plan Act of 2021 changed the rules around the IRS Form 1099-K — a change that is likely to have the biggest… Read more
Everything You Need to Know About the 2021 Child Tax Credit
The information in this article was last updated on Aug. 10, 2021. This article relates to the tax laws enacted during the… Read more
The 2021 Recovery Rebate Credit
The information in this article was last updated on June 24, 2021. This article relates to the tax laws enacted during the… Read more
All About The Child and Dependent Care Credit
For many working parents, paying for childcare is simply a fact of life. But a portion of those expenses could actually qualify… Read more
What is Form 1099-NEC?
IRS Form 1099-NEC is the tax form used to report to report non-employee compensation for tax year 2020 and beyond. Before… Read more
Did Tax Reform Change the Deductions for Your Home Office?
The Tax Cuts and Jobs Act (TCJA) of 2017 eliminated the miscellaneous deduction for home office expenses for tax years… Read more
Need-to-Know Tax Reform
The Tax Cuts and Jobs Act took effect in 2018. Some of the changes outlined in the act are permanent, while others will expire… Read more
Getting Ahead on Your 2021 Federal Income Tax Return
Americans are continuing to recover from the financial impact of the pandemic. The government has extended certain forms… Read more