by Stephanie Nolan | Aug 28, 2024 | Individual Tax, Infographic
Share this Image On Your SitePlease include attribution to LittleOwl CPA with this graphic. Transcript: 2024 Tax Season Document Checklist 1. Identification Social security numbers Bank account numbers Dates of birth Last year’s tax return 2. Income W-2 forms...
by Tabitha Regan, CPA | Aug 26, 2024 | Accounting, Individual Tax
In an era of growing environmental consciousness, the Inflation Reduction Act of 2022 offers a suite of tax credits to make energy efficiency and renewable energy more accessible and financially attractive. This landmark legislation includes the Residential Clean...
by Stephanie Nolan | Aug 5, 2024 | Family, Individual Tax
Graduating from college is a significant milestone, but it often comes with the daunting task of managing student loan debt. Understanding when to pay student loans, how to develop an effective repayment strategy, and what options are available can make this process...
by Stephanie Nolan | Jul 24, 2024 | Family, Individual Tax
Navigating the complexities of student loan interest deductions can be challenging, but understanding the basics can significantly ease the process. This comprehensive guide will walk you through how to deduct student loan interest, explain who qualifies, and offer...
by Laxmi Patel | Jul 17, 2024 | Family, Individual Tax, Tax Planning
Navigating the complex rules surrounding retirement accounts can be challenging when it comes to accessing funds before the age of 59½ without incurring penalties. Rule 72(t) of the Internal Revenue Code offers a potential solution for those who need to make early...
by Stephanie Nolan | Jul 9, 2024 | Individual Tax
Wondering which tax forms to gather ahead of tax season? Wondering which IRS tax forms and schedules are actually relevant to you? We’ve gathered a list of common tax forms needed by individuals to do their basic taxes. Beyond collecting last year’s information,...
