Ideas to Lower Your 2021 Tax Bill
Friday, July 09
Ideas to Lower Your 2021 Tax Bill Now is the time to begin tax planning for your 2021 return. Here are some ideas: Contribute to retirement accounts. Tally up all your 2021 contributions to retirement accounts so far, and estimate how much more you can stash away between now and December 31. So c...
Thinking of Selling Your Home? Hot market requires tax knowledge
Thursday, July 08
Thinking of Selling Your Home? Hot housing market requires tax knowledgeWith housing prices skyrocketing, more homeowners are considering cashing out to multiples over list price! Especially since one of the largest tax breaks available to most individuals is the ability to exclude up to $250,000...
The Household Employee Problem - Don't get caught by the nanny tax
Wednesday, July 07
The Household Employee Problem - Don't get caught by the nanny tax This often overlooked bookkeeping and payroll tax requirement can cause a tangle of tax problems if not handled correctly. Could you be impacted? This is what you need to know. Nanny tax explained In an effort to capture income f...
Three New IRS Tools for 2021 Child Tax Credit Advance Payments
Friday, July 02
Three New IRS Tools for 2021 Child Tax Credit Advance Payments The IRS recently launched three new online tools (links below) to help eligible Americans claim and manage their advance payments of the 2021 Child Tax Credit (CTC). In addition to increasing the maximum CTC amount and raising t...
Ginnie Mae unveils 40-year mortgage term for issuers
Monday, June 28
Ginnie Mae unveils 40-year mortgage term for issuers New pool type will allows borrowers to make lower monthly payments but can still be sold on the secondary market in a securityGinnie Mae is set to introduce a new 40-year mortgage term for its issuers on the heels of administrative shake ups a...
Advance Child Tax Credit Payments Are Starting NOW!
Friday, June 25
Advance Child Tax Credit Payments Are Starting NOW!What everyone should know The American Rescue plan signed in March, 2021 requires the IRS to pay out ½ of enhanced Child Tax Credits (CTC) to eligible taxpayers beginning this month. A tall order, and one filled with land mines. If you have chil...