IRS Publishes 2025 Tax Year Inflation Adjustments
The IRS recently announced the annual inflation adjustments for the 2025 tax year. Changes were made to more than 60 tax provisions which will impact taxpayers when they file in
-
Additional Child Tax Credit: Who’s Eligible?
The Additional Child Tax Credit (ACTC) is a powerful tax benefit designed to provide financial relief to families with children. It serves as a supplement to the standard Child Tax
Read More -
Summer Camp Expenses: Can You Get a Tax Break for Your Kid’s Fun in the Sun?
As a parent, you know that raising kids can be an expensive endeavor. From food and clothing to educational expenses and extracurricular activities, the costs can quickly add up. The
Read More -
What is The Work Opportunity Tax Credit?
Employers are always looking for ways to reduce their tax liability. One way to do this is through a lesser-known hiring program called the Work Opportunity Tax Credit. In this
Read More -
2022 Credit for Child and Dependent Care Expenses
You may be able to take the credit for child and dependent care expenses if you pay someone to watch your dependent child (12 or younger), your disabled spouse, or
Read More -
8 Tax-Saving Tips For Working Parents
Let’s face it, kids are expensive to raise. From childcare costs to college expenses, it seems like more money is going out than in each year. For parents, it’s especially
Read More -
10 Small Business Tax Credits Every Entrepreneur Should Know
There are numerous tax deductions and credits that can help small business owners reduce their tax liability. Although deductions can help lower taxable income and potentially put businesses into a
Read More