by LittleOwlCPA Admin | Sep 1, 2023 | Individual Tax, Tax Planning
Owning a home is a significant life milestone which comes with potential tax benefits. As a homeowner, you may be eligible for various tax deductions that can help reduce your overall tax liability. Understanding the deductions available to you can result in...
by Stephanie Nolan | Aug 4, 2023 | Individual Tax, Tax Planning
Higher education financial planning requires patience, adaptable strategies, and many different methods for saving ahead for college. One of the most overlooked opportunities, however, is understanding education tax credits and deductions. Many students and their...
by Tabitha Regan, CPA | May 26, 2023 | Individual Tax, Tax Planning
Congratulations on your recent wedding! As you embark on this exciting journey together, it’s crucial to lay a strong foundation for your financial future. Combining your lives also means combining your finances, and understanding the implications of this step...
by Tabitha Regan, CPA | May 12, 2023 | Individual Tax
Receiving a tax notice from the IRS can be an unsettling experience. However, it’s crucial to remember that receiving a notice doesn’t necessarily mean you’ve done something wrong. The IRS sends out notices for various reasons, including...
by Tabitha Regan, CPA | Apr 28, 2023 | Individual Tax, Tax Planning
Starting in 2023, a personal or general business tax credit of up to $7,500 is available for the purchase of new clean vehicles meeting certain requirements (including electric, plug-in hybrid, and fuel cell vehicles). A credit of $3,750 is available if a critical...
by LittleOwlCPA Admin | Apr 14, 2023 | Individual Tax, Tax Planning
Tax Day 2023 is Tuesday, April 18, 2023 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...
