Last year, the Inflation Reduction Act of 2022 introduced new requirements and limitations for taxpayers who want to receive a tax credit for purchasing a new clean or Electric Vehicle (EV) in 2023. Before you…

What is an amended tax return and when do I need one? If you file a tax return and you find out later that it was wrong for some reason, you can file an amended…

Say you’ve loved dogs all your life, so you decide to start a dog walking, sitting, and training business. Perhaps you have a penchant for using your Cricut machine to personalize gifts. Maybe more and…

Both your individual tax return AND first quarter estimated tax payment are due by Tuesday, April 18th. Here is what you need to know. First quarter due date: Tuesday, April 18, 2023 The estimated tax payment…

What is a tax extension and how does it work? Most people really don’t like doing their taxes, and some wait until the very last minute. “Oh, I’ll just get an extension”, they say. Is…

What is the Kiddie Tax? We’re not talking about taxes on gambling or kids. We’re talking about a special set of rules for what to do if a child has unearned income (like interest, dividends,…

Is there an age limit on claiming my child as a dependent? It’s important to remember that there were no personal exemptions for dependents through the tax year 2025. It still matters, however, whether or…

Beginning in 2022, New Jersey has three new tax deductions called the College Affordability Deductions. These deductions will help you if you’re saving for college, if you’re currently attending and paying tuition, or if you’re…