Consider Taxes Before Moving Out of State
With so many people working remotely these days, it’s become common to think about moving to another state — perhaps for better weather or to be closer to family. Many retirees also look at an across-the-border move to better control living expenses. If you’ve found...
Why The Child Tax Credit Is So Valuable
If you’re a parent, or soon will be, you’re no doubt aware of how expensive it is to pay for food, clothes, activities, and education. Fortunately, the federal child tax credit is available to help many taxpayers with children under the age of 17, and there’s a...
Claiming The Home Office Deduction
Many people have found themselves working from home during the COVID-19 pandemic. If you’re one of them, you might wonder, “Can I claim the home office deduction on my 2020 tax return?” The short answer is: Only if you’re self-employed. Employees can no longer claim...
New Legislation Expands CARES Act Employee Retention Credit
The Consolidated Appropriations Act (CAA) of 2021 signed into law on December 27, 2020, provides new relief to businesses and others impacted by COVID-19. Changes made to the Employee Retention Credit (ERC) provides a key opportunity for businesses. The new law makes...