Tax Changes – Page 12 – Fiducial Blog

Tax Benefits You Need to Know About When Saving for College Education

February 28, 2022

Looking to save for a child’s college or other post-secondary education? Fiducial knows all of the tax benefits of saving for college.

Important Tax Benefits Available to Disabled Taxpayers

February 19, 2022

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

February 18, 2022

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

February 7, 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.

Complications to the Qualified Charitable Distribution (QCD) Provision

February 2, 2022

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

January 31, 2022

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

How to Defer Tax with a Like-Kind Exchange

January 28, 2022

One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange. A like-kind exchange doesn't sell the property, it exchanges it.

Cost Segregation Study: Get Your Piece of the Depreciation Pie Now

January 26, 2022

Is your business depreciating over a 30-year period the cost of constructing the building housing your operation? Then consider a cost segregation study.