Taxes – Page 29 – Fiducial Blog

Important Enhancements to the Earned Income Tax Credit (EITC) for 2021

March 4, 2022

The earned income tax credit (EITC) is one of the government’s largest antipoverty programs. Significant enhancements have been added - don't miss out!

Considering Married Filing Separately Status? Better Read This.

March 2, 2022

Married taxpayers have 2 options when filing their 1040 or 1040-SR taxes. Fiducial has some of the issues related to filing as married filing separately.

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.

Entrepreneurs and Taxes: Claiming Expenses on Tax Returns

February 11, 2022

Entrepreneurs are often unaware that many start-up expenses can’t be deducted right away. The way you handle initial expenses can affect your tax bill.

Meticulous Records Are Key to Tax Deductions and Painless IRS Audits

February 9, 2022

All businesses need to keep records of income and expenses. Carefully record expenses in order to claim all of the tax deductions to which you’re entitled.

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.