by Dawn Penrod | Feb 5, 2024 | IRS Laws
Consumers will receive a break from the state’s 6 percent sales tax on qualifying Energy Star products from Saturday February 17 – Monday February 19, 2024. During this Tax-Free Weekend, qualifying Energy Star products are tax free: Air conditioners...
by Dawn Penrod | Jun 25, 2021 | IRS Laws, Personal Taxes
Let’s start with “What is the Advanced Child Tax Credit?” There were changes to the amounts of the Child Tax Credit and how you can receive it in advance as part of the American Rescue Plan Act, for 2021 only. The act changed the Child Tax Credit for 2021 by...
by Dawn Penrod | Mar 16, 2021 | Business Taxes, Personal Taxes
The American Rescue Plan was signed into law on March 11, 2021, with a lot of changes for both individuals and businesses. Here is a brief synopsis of some of the relief. If you have already filed your tax return and the new legislation changes that, please wait for...
by Dawn Penrod | Dec 10, 2020 | Personal Taxes
As the year comes to an end, I have compiled some things to think about for your 2020 taxes. For 2020, you can deduct up to $300 in Charitable contributions if you take the standard deduction. This does not include goods that you donated (clothing, toys, household...
by Dawn Penrod | Aug 26, 2020 | Business Taxes, IRS Laws, Personal Taxes
Did you know that it’s very easy to call yourself a “Tax Preparer”? There’s no qualifications, no one checks on you, you aren’t regulated by anyone. All you have to be able to do is fill in the information in the tax program, or fill in...
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