Explore tax breaks for grandparents raising grandchildren, including Head of Household status, Earned Income Tax Credit, Child Tax Credit, and more. Discover eligibility and financial relief options.
Tax Deductions
Employer-Offered Benefits That Can Save You Money and Taxes
Tax law includes several tax- and financially favored benefits that employers can offer or provide to their employees. This article is intended to make you aware of these perks.
Eldercare Can Be a Medical Deduction
Learn about the tax implications for individuals providing care for elderly loved ones who cannot live independently. The cost of care may be tax deductible as a medical expense, either claimed by the person receiving care or by the person paying the expenses under the category of “Medical Dependent.”
2023 Standard Mileage Rates Announced
Internal Revenue Service recently announced the inflation-adjusted 2023 optional standard mileage rates.
Don’t Overlook Your Charitable Contributions
Being knowledgeable of what is and is not a qualified charity, a qualified charitable contribution, and charitable giving strategies can go a long way toward maximizing your charitable tax deduction.
Watch Out for Tax Penalties – Corporate Tax Return Prep
Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible damage they can do to their wallets. As tax season approaches, let’s look at some of the more commonly encountered penalties and how they may be avoided.