by LittleOwlCPA Admin | May 13, 2022 | Individual Tax
Do you give money to your church? Do you get a tax benefit from those donations? How about your donations to other charities? Recent changes in the tax code have done much to destroy your benefits from church and other tax-deductible 501(c)(3) donations. But there’s a...
by LittleOwlCPA Admin | Apr 29, 2022 | Individual Tax
For parents and students trying to manage college bills and student loan payments, the federal government offers education-related tax benefits. The requirements for each are different, so here’s what you need to know. American Opportunity credit The...
by LittleOwlCPA Admin | Apr 15, 2022 | Individual Tax
Tax Day 2022 is Monday, April 18, 2022 for most individual taxpayers. Some taxpayers in certain natural disaster areas are allotted more time to file depending on the disaster. Tax Return Extension An extension of time to file a Federal individual return is...
by Tabitha Regan | Mar 4, 2022 | Individual Tax
With near-record-low home mortgage interest rates, the housing market has been booming. September 2020 existing home sales were up 9.4% from August 2020 and 20.9% from 2019, according to the National Association of Realtors. If you sold your home this year or are...
by Tabitha Regan | Feb 18, 2022 | Individual Tax, Small Business
As your paper and electronic documents begin to get overwhelming, you may wonder when you can destroy these items and what you should keep. It is critical to keep some documents while others can be destroyed after just a few years. Generally, you should retain all...
by Tabitha Regan, CPA | Feb 4, 2022 | Individual Tax, Small Business
The IRS announced that the starting date for when it would accept and process 2021 tax-year returns was Monday, January 24, 2022. Tips for making filing easier To speed refunds and help with tax filing, the IRS suggests the following: Make sure you have...
