Energy-Efficient Home Tax Credits
The 2022 Inflation Reduction Act extends and expands tax credits for energy-efficient home improvements for individual homeowners. The Non-Business Energy Property Credit, which expired [...]
30
11, 2022
2
11, 2022
New York Enacts City Pass-Through Entity Tax
New York has established a city-level pass-through entity tax for tax years beginning on or after January 1, 2022. The New York City pass-through [...]
20
10, 2022
3 Ways to Qualify for the Employee Retention Credit
The Employee Retention Credit was created under the CARES Act in 2020 to encourage businesses to keep their employees on their payroll. Since its [...]
28
09, 2022
Clean Vehicle Tax Credits: 2022 Inflation Act
The 2022 Inflation Reduction Act (IRA) includes extension and modification to clean vehicle tax credits. The credit for the purchase of new clean vehicles (which [...]
21
09, 2022
Connecticut Neighborhood Assistance Act (NAA) Tax Credit Program
The Connecticut Neighborhood Assistance Act Tax Credit Program is designed to encourage a push in funding for municipal and tax-exempt organizations by providing a [...]
7
09, 2022
Back to School – Educator Expenses, Tax Credits, and the CHET
As the new school year begins around the country, students and educators may benefit from these money-saving programs and opportunities. Educators should note, that [...]
16
02, 2022
Standard Mileage Rates to Go Up in 2022
As of January 1st, 2022, the standard mileage rate for business use of a car, van, pickup truck, or panel truck has risen to [...]
26
01, 2022
2021 Tax Filing Checklist
As the tax-filing season begins there are many things you can do as a taxpayer to prepare yourself and your accountant for a stress-free [...]
5
01, 2022
How Sick Leave is Reported on a W2
Background Information The Cares Act created the sick leave tax credit which allows employers to get a credit for time employees were out of [...]
29
12, 2021
Home Office Deductions
Each year, including this year, 2021, the IRS offers a home office deduction which is available to self-employed individuals. People who work from home [...]