Home Mortgage Interest Deduction Rules
If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that
Economic Impact Payment Less Than You Expected?
Nearly everyone has heard about the Economic Impact Payment (EIP) that the federal government is sending to folks to help mitigate the effects of […]
Gig Economy Workers and Businesses Guidance on IRS Website
Earlier this year, the IRS has announced in IR 2020-4 that it had launched the Gig Economy Tax Center […]
Changes to the Child Tax Credit
If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities and […]
Tax Aspects of Selling Mutual Fund Shares
Perhaps you’re an investor in mutual funds or you’re interested in putting some money into them. You’re not alone. The Investment Company Institute estimates that 56.2 million […]
Economic Impact Payment FAQs
Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to the IRS. Others are still waiting. The […]
CARES Act’s Impact on Excess Business Losses
Back in Blog Post #778 on 4/1/20, I summarized the Coronavirus Aid, Relief, and Economic Security (CARES) Act tax provisions. That […]
IRS Announces More COVID-19 Relief and Details
In the midst of the Coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing many people, the government […]
CARES Act Changes EBP and Charitable Contribution Rules
As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the […]
