The Blog

The IRS has a few reminders for taxpayers this year. They are urging people to take the steps to make sure they are ready to file their 2022 tax returns. Child Tax Credit, Stimulus Checks (Economic Impact Payment), and charitable donations. Child tax credits and the Child and Dependent Care Credit have changed. The changes include ages, and amounts. Please … Read More

The IRS observed National Tax Security Awareness Week this month. They highlighted key details for protecting your online IRS account and documents. The IRS is taking new measures for taxpayers to use digital signatures for online forms. With online accounts comes the risk for theft and data breaches. They are working on strengthening online security to protect taxpayers. There are … Read More

The end of the year gives us the chance to make the most of our financial gains and prepare for the upcoming year. Remember to keep your long term goals in the forefront as you plan. Here are 7 year-end financial moves. Be sure to check with your financial and tax advisors to optimize your planning.  1 How Is Your … Read More

The pandemic has changed so much of our daily lives, including our financial situations. In 2020 The federal government suspended student loan payments. However, payments will begin again January 31, 2022. Here are some options you have when it comes to paying for your student loans again. Income-driven Payment Plan One option is an income-driven payment plan based on your … Read More

The IRS has a new sign in process to protect the privacy of taxpayers. The new technology will provide taxpayers with more ways to verify their identity. It will offer increased security when using IRS tools. Government agencies and tax professionals will also use the updated sign in process. Taxpayers will use the new technology, ID.me. You can continue to … Read More

Financial planning is key to reaching your goals. You may be asking, what does it mean to create a financial plan? It is outlining a plan of action that will benefit you presently as well as long-term. This may seem like a daunting task but resources and professionals in the field can help tremendously.  Employer Benefits This year may have … Read More

Cryptocurrency is new and ever changing. If you invest in cryptocurrency it is essential to stay up to date on the associated tax regulations. Businesses and individuals use cryptocurrency for a variety of reasons. For example, Investing in cryptocurrency generates returns that can be used to boost your portfolio, make payments, or save through investing.  The IRS calls cryptocurrency “convertible … Read More

As the holidays approach there are a variety of thoughts and emotions that may come up. Discussing financial achievements this holiday season can bring some comfort and cheer. The end of the year is a great time to reflect, express gratitude and set future intentions. The holidays can be a quick way to spend a lot of money in a … Read More

2020 was a year that greatly contrasted from years prior. COVID-19 added more complexities to our daily lives as well as our taxes. According to the IRS, 2021 tax refunds were higher than usual. Contributing factors were COVID relief payments and other measures under the American Rescue Plan. Under the 2020 American Cares Act,  taxpayers received two COVID relief payments. … Read More