Category Archives: Tax Credits

Work Opportunity Tax Credit can Help Employers Hiring New Workers; Key Certification Requirement Applies

The following article was published by the IRS. The Internal Revenue Service today reminded employers planning to hire new workers that there’s a valuable tax credit available to those who hire long-term unemployment recipients and others certified by their state … Continue reading

Posted in IRS, Planning Strategies, Self-Employed, Tax Credits, U.S. Small Business Administration | Tagged , , ,

Deductions You Probably Missed

Taxpayers, especially those who wait until the last minute to file, will often miss a handful of tax deductions that could have put more of their hard-earned money back in their pocket. These deductions are in most cases ones that would … Continue reading

Posted in Child & Dependent Care Credit, E-file, IRS, Personal Finance, Planning Strategies, Tax Credits, Tax Deductions, Tax Relief, Tax Tips | Tagged , , , , , , , , , , , , , , , , , , , , ,

Avoid the Rush: Be Prepared to Validate Identity if Calling the IRS

The following article was published by the IRS. The Internal Revenue Service said mid-February marks the agency’s busiest time of the year for telephone calls. The IRS is reminding taxpayers who have questions about their tax accounts to be prepared … Continue reading

Posted in EITC, IRS, Personal Finance, Planning Strategies, Social Security, Taxes | Tagged , , ,

Working Grandparents May Be Eligible for EITC

The following article was published by the IRS. The Internal Revenue Service wants working grandparents raising grandchildren to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify. The EITC is a federal income … Continue reading

Posted in Accounting, EITC, Personal Taxes, Planning Strategies, Tax Deductions, Tax Tips, Year End | Tagged , , , , ,

A Series of Yes-or-No Questions Help You Determine Eligibility for the Premium Tax Credit

The following article was published by the IRS. The premium tax credit also known simply as PTC is a credit for certain people who enroll, or whose family member enrolls, in a qualified health plan offered through a Health Insurance … Continue reading

Posted in Health Care, Personal Taxes, Planning Strategies, Premium Tax Credit, Year End | Tagged , , , , , ,

End-of-Year Tax Tips

The end of the year is fast approaching and with it many important financial decisions that must be made. While most of us think of our finances in December in light of gift giving, it is also critical to think … Continue reading

Posted in Charitable Organizations, E-file, Holiday Tips, Personal Finance, Planning Strategies, Tax Credits, Tax Deductions, Tax Refunds, Tax Relief, Tax Tips, YouTube | Tagged , , , , , , , , , , , , , , , , , , ,

Tax Preparedness Series: Special Tax Breaks for U. S. Armed Forces

The following article was published by the IRS. As tax filing season approaches, the Internal Revenue Service wants members of the military and their families to know about the special tax benefits available to them. IRS Publication 3, Armed Forces … Continue reading

Posted in EITC, Tax Extensions, Tax Tips, Veterans | Tagged , , , ,