Important Tax Benefits Available to Disabled Taxpayers

Important Tax Benefits Available to Disabled Taxpayers

Disabled taxpayers and parents of disabled children may qualify for tax credits and other tax benefits. Several tax credits and other benefits may help you.
Advance Child Tax Credit and EIP Must Be Reconciled on 2021 Return

Advance Child Tax Credit and EIP Must Be Reconciled on 2021 Return

In 2021, Congress passed the American Rescue Plan.This plan increased the child tax credit. It also implemented the advance child tax credit.
Numerous Tax Limits Affecting Businesses Have Increased for 2022

Numerous Tax Limits Affecting Businesses Have Increased for 2022

Many tax limits that affect businesses are annually indexed for inflation. Fiducial has a rundown of those that may be important to you and your business.
The IRS May Get a Big Budget Increase. Will It Impact the Rate of Audits?

The IRS May Get a Big Budget Increase. Will It Impact the Rate of Audits?

The Congressional Budget Office has announced a proposal to increase funding for the IRS. Does that mean that more people are about to receive audits?
Complications to the Qualified Charitable Distribution (QCD) Provision

Complications to the Qualified Charitable Distribution (QCD) Provision

The tax code includes a provision called a Qualified Charitable Distribution (QCD). This allows retirees to make contributions for significant tax benefits.
Reporting Requirement for Cryptocurrency Added by Infrastructure Bill

Reporting Requirement for Cryptocurrency Added by Infrastructure Bill

The IRS has been engaged in a virtual currency compliance campaign for 3 years. The campaign addresses tax noncompliance related to cryptocurrency use.