Personal – Page 6 – Fiducial Blog

Home Energy Improvement Credit Is Enhanced

March 31, 2023

This tax benefit should have expired after 2021. However, a law change gave the home energy improvement credit renewed life and enhanced it beginning 2023.

The Tax Filing Deadline Is Drawing Near

March 29, 2023

Filed your 2022 tax returns? April 18 is the tax-filing deadline. Make sure to file your return or file for an automatic extension by this date.

S Corp Stockholders Must Take Reasonable Compensation

March 27, 2023

S corporation compensation is often misunderstood and abused. If stockholders work in the business, they must take reasonable compensation as wages.

Many Taxpayers Could See Smaller Tax Refunds This Year

March 22, 2023

COVID pandemic-related benefits have come to an end. These decreases in federal tax benefits will mean smaller 2022 tax refunds for taxpayers..

Who Claims the Children’s Tax Benefits - You or Your Ex-Spouse?

March 20, 2023

Tax law has specific, complicated rules about who profits from child-related tax benefits. Children’s tax benefits are numerous. Read on for more info!

Gig Work Can Have Tax Consequences You Never Considered

March 17, 2023

Gig work brings a newfound sense of freedom but also a number of potential disadvantages. This will become especially apparent when it comes to tax season.

Have Employees Who Receive Tips? Here Are the Tax Implications

March 10, 2023

Earn your living through tips? Employ individuals who receive tips as part of their compensation? Then you need to know the tax implications.

Wonder What Tax Deductions Are Worth? Fiducial Has Answers

February 27, 2023

Individuals are always looking for tax deductions that can reduce their tax liability. But what actual tax benefit can you derive from a tax deduction?