Tax Break

tax breaks

2021 – the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers

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This is an overview of the several tax benefits that were included in the American Rescue Plan Act recently passed by Congress that will impact families with children and lower-income taxpayers during 2021. These include increased … Read More

Tax Tips for Uber or Lyft Drivers

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As an Uber or Lyft driver, you are an independent contractor and treated differently under the IRS code. With this comes new rules when it comes to your taxes. Understanding the tax code can help you minimize your tax liability. Watch the video below for more details or call our office for help.

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Summer Vacation, Who Cares for the Kids?

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Summer vacation is here! There is a tax break that working parents should know about. Many working parents must arrange for care of their children under 13 years of age during the school vacation periods. If the child is handicapped, then it is for any age. A popular solution that comes with a tax benefit is a day camp program. The cost of day camp can count as an expense toward the child and dependent care credit. But be careful, expenses for overnight camps do not qualify.

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Earned Income Tax Credit: Do Not Miss Out

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The Earned Income Tax Credit (EITC) is a tax benefit for working people who have low to moderate income. It provides a tax credit that is treated like tax withholding. It goes to pay an individual’s … Read More

9 Tax Tips for Disabled Taxpayers

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Disabled Taxpayers may qualify for a number of tax credits and benefits. Parents of children with disabilities may also qualify. Listed below are several tax credits and other benefits that are available if you are disabled … Read More