Tax Credit vs Deduction
#Tax #taxcredit
Tips to Organize Your Tax Records
The time to organize your tax records is now. Informational tax information is hitting your regular and digital mailboxes from now until late March. To make matters worse, this year there are economic recovery payments, unemployment benefits, and advance child tax payment records to organize! Here are some tips to get on top of your tax records. Organizational Hints If you have not already done so, create a folder for the current year’s files. Here are some filing suggestions
IRS to Send Recap of Economic Impact and Child Tax Payments
The IRS recently announced it will be sending out a recap of payments sent to taxpayers for the multple rounds of Economic Impact Payments and Advanced Child Tax Payments. Here is what you need to know. Economic Impact Payments During 2021, the IRS issued millions of economic impact payments. In a recent announcement the IRS claims they will send Letter 6475 to all recipients of the money sent under these programs. Use this letter as a guideline to file your tax return. Lette
February Newsletter
#Newsletter #TaxPlanning
