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Is It True That The IRS Hired 87,000 New Agents To Audit Americans?
Recently there was a bill proposed for hiring roughly 87,000 new IRS agents over the next 10 years. As of Aug 12, 2022, the proposed bill passed under a massive climate and health care bill to include the $80 billion increase in IRS funding over the next decade (a 10% budget increase annually) and an increase in...
Deductions Update: Know What To Claim on Your 2022 Tax Return
Tax filing season for 2022 will be here before you know it! To ensure you are up to date on what to expect this upcoming tax season, we’ve put together a quick summary of changes and updates to a few key tax deductions that should be considered. Business Meals - Business-related meal expenses are only...
Natural Disaster Tax Relief Options
From tornados to tsunamis, ice storms to wildfires, natural disasters are found worldwide in an array of categories. Each comes with its own impact on you and your community, so staying informed about the different ways you can be supported is important. Even in the midst of a disaster that turns your world upside...
Marital Status Tax Information & Divorce Tax Implications
Going through a separation or divorce involves more than just a few papers being signed. It changes many people’s daily lives beyond divvying up who gets what and when. One area of life that is affected by the decision to separate or divorce are your taxes. Filing status, tax breaks, income adjustments based on...
Retirement Tax Strategies You Should Know
If you are approaching retirement, there are several things to consider in regards to the amount of tax, deductions, and income you will incur from accounts you’ve contributed to during your career. It’s important to understand the amount of your income that will be taxable and what your tax rate will be after you...
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