Category: News

The Earned Income Tax Credit (EITC) is the federal government’s largest refundable tax credit for low to moderate income workers. Almost a […]

Most people who are traditional employees or contractors have their income reported to the IRS on a Form W-2 or a Form […]

Will people will get a Form 1099-K from friends and family sending them personal payments? Payments from friends and family should generally […]

We are in the midst of tax season, and although many people have already had their tax return prepared and filed, many […]

If you’re not a tax professional, some of the lingo used when talking about taxes might be a little confusing. Today we […]

If you are age 70½ or older, you may be able to exclude a qualified charitable distribution (QCD) of up to $100,000 […]

The Internal Revenue Service has issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile […]

The IRS has announced a delay of the new $600 Form 1099-K reporting threshold for third party settlement organizations for calendar year […]

The IRS has announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate […]

The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans, as well as the federal government’s Thrift Savings […]