Hurricane Preparedness Tips
Aug31

Hurricane Preparedness Tips

Find other hurricane preparedness tips and more information about Hurricane Preparedness Week on the National Weather Service web site. Kua’s Hurricane handbook —-> https://kua.com/hurricane-safety/

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More Tips for Taxpayers Preparing for a Hurricane.
Aug29

More Tips for Taxpayers Preparing for a Hurricane.

Account On Us and the Internal Revenue Service today offered advice to taxpayers who may be affected by these types of storms, as well as other natural disasters. The we also want taxpayers to know that the agency is here to help, including offering a special toll-free hotline to people in federally declared disaster areas, staffed with specialists trained to handle disaster-related issues.   Don’t Forget to Update Emergency...

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IRS Issue Proposed Regulations On Charitable Contributions And State And Local Tax Credits.
Aug25

IRS Issue Proposed Regulations On Charitable Contributions And State And Local Tax Credits.

Today the U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit.   The proposed regulations issued today are designed to clarify the relationship between state and local tax credits and the federal tax rules for charitable...

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Key tax change affects taxpayers with dependents.
Aug25

Key tax change affects taxpayers with dependents.

The Internal Revenue Service urges taxpayers who support dependents who can’t be claimed for the Child Tax Credit to do a paycheck checkup soon. The IRS Withholding Calculator can help these taxpayers make sure they have the right amount of tax taken out of their pay. The Tax Cuts and Jobs Act, enacted in December 2017, added a new tax credit – Credit for Other Dependents. It is a non-refundable credit of up to $500 per qualifying...

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Separation and or Divorce may affect your Taxes.
Aug25

Separation and or Divorce may affect your Taxes.

Taxpayers who are divorcing or recently divorced need to consider the impact divorce or separation may have on their taxes. Alimony payments paid under a divorce or separation instrument are deductible by the payer, and the recipient must include it in income. Name or address changes and individual retirement account deductions are other items to consider.   Account On Us has resources that can help along with these key tax tips:...

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