Tag Archives: Plymouth MA bookkeeper

Child Tax Credit and Credit for Other Dependents

Many parents claim the child tax credit to help with the cost of raising children. This year the credit may help even more parents because the income limit for those who qualify has increased to $400,000 for married couples filing … Continue reading

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Bad Money Moves We All Make

All of us have made bad decisions in our life at some point, and we will likely make some more in the future. While it’s always a good idea to avoid these scenarios whenever possible, this is especially true when … Continue reading

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Mortgage Interest Deduction

If you have a mortgage or home equity loan, it is important to know that tax reform changes have an impact on the mortgage interest deduction. The first change is that you can deduct interest only if you are using … Continue reading

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How to Avoid an Audit

While full-blown audits from the IRS are something that tax preparers are used to, a taxpayer likely views an audit right up there with a root canal, something to be avoided at all costs. It is impossible to predict with … Continue reading

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Earned income tax credit – Do you qualify?

Do you qualify for the Earned Income Tax Credit? If you do, and you don’t claim it, you are leaving potentially thousands of dollars on the table. The EITC is designed to help those on a low to moderate income … Continue reading

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Deductions You Probably Missed

Experienced tax pros are experts at knowing which deductions to look for when you file your taxes. Deductions are simply defined as subtractions from your income that can save anywhere from hundreds to thousands on your taxes. Due to the … Continue reading

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Your Taxes in the Sharing Economy

What do social media gigs, driving for companies like Uber, and renting out spare bedrooms in your house to travelers all have in common? They are all different ways of participating in what has become known as the Sharing Economy. … Continue reading

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