The Inflation Reduction Act of 2022 modifies and extends tax credits available to individual homeowners. It does this through two ways which are listed below. Energy Efficient Home Improvement Credit This nonrefundable tax credit is available to individuals
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The SECURE 2.0 Act of 2022 (SECURE Act 2.0) was signed into law in December 2022. The SECURE Act 2.0 is designed to expand upon automatic enrollment programs and increasing annual contributions and catch-up limits for retirement plans.
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As a parent with young children, you are faced with many rewards and challenges. One of which may be saving for the cost of a college education. The good news, there are two tax-favored options that might be
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Whether you just started a small business or have had a large corporation for years, understanding what taxes you may owe is a crucial component. While the type of business you operate determines what taxes you owe and
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Have you discovered a mistake on your tax return after you’ve already filed? If so, don’t panic. In most cases, all you have to do is file an amended tax return. How do I know if I need
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If you owe taxes this year and can’t pay in full, the IRS offers both short-term and long-term payment plans. You may qualify to apply online if: AS AN INDIVIDUAL Long-term payment plan (installment agreement): You owe $50,000
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