8 Common Tax Credits With tax season upon us, Americans are looking for ways to reduce their overall tax burden and save as much money as possible. While many people focus on claiming as many deductions as possible, tax credits can also go a long way in reducing your overall tax burden. 8 common tax […]
How are Tax Credits and Tax Deductions Different? Tax credits and tax deductions are two great ways to help save money when it comes time to file your taxes. However, the two tax-saving mechanisms work affect your yearly tax bill very differently. So, what is the difference between a tax cred and a tax deduction? […]
Your net worth is the amount by which your assets exceed your liabilities. Simply put, the difference between what you own and what you owe is your net worth. If your assets exceed your liabilities, you have a positive net worth. On the contrary, if your liabilities are greater than your assets, it would be a negative net worth. Your net worth provides […]
Tax deadline for filing and payments, moved to July 15, 2020. People needing more time can still obtain an extension to file for even more time. As the COVID-19 epidemic continues to shake the very foundation of life as we know it, people and governments across the globe continue to consider the effects of this […]
Individual & non-corporate filers can defer federal income tax by 90 days, up to July 15,2020 The April 15th deadline to submit tax returns has not changed, unless you request an extension. If you are anything like us, we have been watching the news very carefully trying to follow along with the information regarding the […]
