Nov
01
2019
01
2019
Get Ready for Taxes: Get ready today to file 2019 federal income tax returns
Get Ready for Taxes: Get ready today to file 2019 federal income tax returns | Internal Revenue Service http://bit.ly/34fo1sv
Oct
30
2019
30
2019
The child tax credit benefits eligible parents
The child tax credit benefits eligible parents | Internal Revenue Service http://bit.ly/33Tx95R
Oct
28
2019
28
2019
Taxpayers can compare eligibility and benefits of two education credits
Taxpayers can compare eligibility and benefits of two education credits | Internal Revenue Service http://bit.ly/31IjT2i
Oct
25
2019
25
2019
Know your filing status
Why it’s important for taxpayers to know their filing status | Internal Revenue Service http://bit.ly/2N4czc4
Oct
16
2019
16
2019
The earned income tax credit can put money in taxpayers’ pockets
The earned income tax credit can put money in taxpayers’ pockets | Internal Revenue Service http://bit.ly/2OAOa0e
Oct
11
2019
11
2019
When is tax due on Series EE savings bonds?
Do you have Series EE U.S. savings bonds that were bought many years ago, and you now wonder how the interest on them is taxed? EE bonds don’t pay interest currently. Instead, the accrued interest is reflected in their redemption value. (However, owners can elect to have the interest taxed annually.) EE bond interest isn’t subject to state income tax. And using the money for higher education may keep you from paying federal income tax on the interest.
Oct
09
2019
09
2019
Take advantage of the gift tax exclusion rules
As we head toward gift-giving season, you may be considering giving cash or securities to your loved ones. Taxpayers can transfer amounts free of gift taxes to their children or others each year through the use of the annual federal gift tax exclusion. For 2019, the exclusion is $15,000 to each person. If you’re married, gifts made during a year can be treated as split between you and your spouse. By “gift-splitting,” up to $30,000 a year can be transferred to each person by a married couple,
Oct
03
2019
03
2019
AZ Tax Credits 2019
There are various tax credits offered through the State of Arizona that support local nonprofits and (summarily) redirect what would be your Arizona tax dollars to these nonprofits. This article addresses the tax credits available to individual tax return filers, with dollar limits that vary based on your filing status. The first four (4) credits are non-refundable and provide a dollar-for-dollar credit towards your Arizona income tax liability. If your total tax credit contributions exceed your tax liability,
Oct
01
2019
01
2019
Arizona’s Out-of-State Seller Transaction Privilege Tax Now in Effect
Arizona’s Out-of-State Seller Transaction Privilege Tax Now in Effect | Arizona Department of Revenue http://bit.ly/2ny8nZm
Sep
18
2019
18
2019
Depreciation Deduction
The IRS has issued final regs on the 100% additional first-year depreciation deduction. It allows businesses to write off most depreciable business assets in the year they’re placed in service. Changes from the regs proposed in August include qualified improvement property, leasehold improvement property, restaurant property, and retail improvement property. A taxpayer may choose to apply the final regs, in their entirety, to qualified property acquired and placed in service after Sept. 27, 2017, in tax years ending on or after Sept.
