Category Archives: Tax Credits

Special tax benefits for armed forces

Members of the military and their families are often eligible for certain tax breaks. For example, members of the armed forces don’t have to pay taxes on some types of income. Special rules could also lower the tax they owe … Continue reading

Posted in EITC, IRS, Military, Personal Taxes, Tax Credits, Tax Relief, Tax Tips, Taxes | Tagged , , , , , , ,

IRS issues notice on state and local tax deductions

The U.S. Department of the Treasury and the Internal Revenue Service have stated that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes. Notice 2018-54 also informs taxpayers that federal … Continue reading

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IRS provides certain small employers with relief for the small business health care tax credit for 2017 and later years

The following article was published by the IRS. The Internal Revenue Service recently issued guidance that provides relief for certain small employers that wish to claim the Small Business Health Care Tax Credit for 2017 and later years. The Small … Continue reading

Posted in Corporate Taxes, Health Care, Planning Strategies, Tax Credits, Tax Tips | Tagged , , ,

Tax Extensions: What You Need To Know

We are coming down to the wire – Tax Day is now just a day away. While most people have already filed their taxes, others are only just now ready to file. Still, there are those who will need to … Continue reading

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Do I Have to File a Tax Return?

Every year there is a subset of people who ask themselves if they have to file a tax return. The best way to find out the answer to this question is by checking out the Interactive Tax Assistant on IRS.gov/ITA … Continue reading

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