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2022 Child Tax Credit

The American Rescue Plan of 2021 supplied big tax breaks for many families. Among them was the increased child tax credit of $3,000 per child over the age of six and $3,600 per child under the age of six. Also…

February 21, 2023
| Danielle Stovall

How Much is that Business Meal Worth?

Restaurant meal expenses incurred by a business in connection with clients and employees are 100% tax deductible for 2022.  Enacted in December 2020 as part of the Consolidated Appropriations Act, this 100% deduction applies to years 2021 and 2022 only. …

February 14, 2023
| Traci Fitting

The Changing Rules of Charitable Giving

Donating to qualified charities such as churches and other 501(c)(3) non-profit organizations is a great way to support your community and organizations that help others.  The added benefit of charitable giving is when it leads to a tax deduction, too!…

February 7, 2023
| Traci Fitting

Avoid IRS Notices

Do This When Paying Your Taxes Online to Avoid IRS Notices Last tax season we saw an influx of “balance due” IRS CP14 notices. In many of these cases, the taxes had already been paid online at…

January 30, 2023
| Carrie Christensen

Paying Taxes – The Electronic Way

When it is time to make a tax payment, who would you trust more to get the payment to your account: the United States Postal Services (USPS) or the Internal Revenue Service (IRS)? If you’re like me, my response would…

January 19, 2023
| Jennifer Konvalin

Homing in on Home Energy Credits

Thinking about some home improvements? Maybe Uncle Sam can help you finance them with Energy Efficient Home Improvement credits. Energy Efficient Home Improvement credit The Nonbusiness Energy Property credit was revived by the Inflation Reduction Act of 2022 and renamed…

January 19, 2023
| Tom Alvarez