Archive for taxable income

YES, THE SEASON HAS BEGUN

| January 25, 2021 | 0 Comments

Ti’s the season for tax returns. Most of us have experienced unusual social conditions this past year. One thing has NOT changed. As of today our returns will be due April 15th THIS YEAR. This date may change since I am not aloud to e-file until February 2. The IRS is far behind in their […]

CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT

| April 14, 2020 | 0 Comments

I have reviewed the act and am listing a few of the features that may be of interest. The stimulus checks will be considered REBATES. The rebates will not be included in your 2020 Gross Income. The checks will be provided to individuals with 2019 adjusted gross incomes below $75,000. and joint filing taxpayer’s with […]

UPDATED TAX CHANGES FOR 2018

| July 10, 2018 | 0 Comments

Now that the 2017 tax season and filings (not those on extensions)are behind us it is time to be concerned about THIS year and what the changes really mean to you and your family. The first big question/questions this year are “What Can I Still Deduct” and “What Records Do I Need As Back-Up”? You […]

TAX CUTS AND JOBS ACT – WHAT IT MEANS TO YOU

| January 12, 2018 | 0 Comments

The recently passed ACT is the most sweeping tax legislation since 1986. I will attempt to summarize some of the features that I believe may impact you and your taxes in the years ahead. The provisions that affect individuals are temporary until 2026; those affecting businesses are permanent. Individual taxable income rates will be lower […]