The American Rescue Plan Act offers some welcome relief for parents via the enhanced Child Tax Credit. Taxpayers will receive $3,600 for each child under age 6 and $3,000 for children ages 6 to 17….

With your 2020 tax return filed, now is a good time to turn your attention to 2021 taxes and take action to keep more money in your pocket. Here are 4 strategies to consider.  …

Thinking of Selling Your Home? A hot housing market requires tax knowledge. With housing prices skyrocketing, more homeowners are considering cashing out to multiples over list price! Especially since one of the largest tax breaks…

With the end of the 2020 filing season upon us, now is the time to become aware of major changes for 2021. But be prepared, politicians are making noise in preparation for another fun-filled year…

It’s hard to believe a little over a year ago the COVID 19 pandemic hit everyone. As things slowly turn back to normal, you need to be ready for the normalizing of the tax rules…

While many businesses struggled through the pandemic, none more so than the restaurant industry. In an effort to aid these businesses, the Consolidated Appropriations Act introduced a 100% business meal deduction, formerly 50%. However, many…

Each year standard mileage rates for business travel, medical driving, moving mileage and mileage rates for charitable driving are set by the IRS. Current Mileage Rates   Mileage Type 2020 2021 2022 Business miles 57.5¢…

Thanks to recent legislation, the whirlwind of tax changes just keeps going. Now if you have children 17 or under there is a new, higher child tax credit in place for 2021. Here is what…