Planning matters

The New Child Tax Credit Guidelines

Did you know you may have an extra few hundred dollars per month on the way from the IRS this July through December? If you have dependent children in your household read on to see how the updated Child Tax Credit may affect your family in 2021. The COVID-19 pandemic has brought far-ranging changes to…

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Tax History Trivia Time

Time to celebrate! With Tax Day officially being over, we thought we’d take a fun diversion from our normally scheduled written blog post and test your tax history knowledge. Click on the below link to see how well you know your tax history stats. Don’t worry, your answers are completely anonymous. Have fun! https://www.surveymonkey.com/r/taxhistorytrivia

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Common IRS Surprises

No one likes surprises from the IRS, but they do occasionally happen. Here are some examples of unpleasant tax situations you could find yourself in and what to do about them. An expected refund turns into a tax payment. Nothing may be more deflating than expecting to get a nice tax refund and instead being met…

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Your Work has Changed, Will your Taxes Too?

Life amid the COVID-19 pandemic has shifted the working world in radical and ever-evolving ways. For those fortunate enough to keep their existing jobs, or those who have shifted to new or additional work, “work from home” (WFH) has become much more common. For many this won’t alter their tax situation, but for some—like those…

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CARES Act Highlights

On Friday, March 27, President Donald Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act to help stimulate the US economy because of COVID-19. We unpack some of the highlights of the CARES Act and provide answers to some commonly asked questions. Direct Payments Perhaps the biggest headline of the Act…

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