by Tabitha Regan, CPA | Aug 6, 2021 | Family, Tax Planning
It’s Back to School season which is the perfect time to review your college savings strategy. In the college savings game, all strategies aren’t created equal. The best savings vehicles offer special tax advantages if the funds are used to pay for college....
by Tabitha Regan, CPA | Jul 30, 2021 | Family
If you have qualifying children under the age of 18, you may be able to claim a child tax credit. (You may also be able to claim a partial credit for certain other dependents who are not qualifying children.) The American Rescue Plan Act of 2021 makes substantial,...
by Tabitha Regan, CPA | Jul 23, 2021 | Accounting
Preparing for life’s important moments Most financial events — significant and routine — have tax consequences. Most people only think about their taxes leading up to the due date. CPAs are trusted advisers who assist with a variety of financial issues and their tax...
by Tabitha Regan, CPA | Jul 16, 2021 | Family, Individual Tax
On April 28, 2021, the White House released a fact sheet for President Biden’s American Families Plan (AFP), which proposes about $1 trillion in investments and $800 billion in tax cuts. There would also be tax increases for those making more than $400,000 per...
