by PTF | Mar 23, 2021 | Resource, Tax Preparation
Tax Deductions Without Itemizing Article Highlights: Charitable Contributions Educator Expenses Performing Artist Expenses State and Local Government Officials’ Expenses Health Savings Account Contributions Moving Expenses for Members of the Armed Forces...
by PTF | Mar 22, 2021 | Individuals, Planning Services, Tax Preparation
Solar Tax Credit Extended for Two Years Article Highlights: Credit Amounts Deceptive Advertising Refundability Worth the Cost? Qualifying Property When Is the Credit Available? Who Gets the Credit Multiple Installations Battery Installation Costs Basis Adjustment...
by PTF | Mar 21, 2021 | Individuals, Planning Services
Required Minimum IRA Distributions Will Resume in 2021 Article Highlights: CARES Act Moratorium RMD Resumptions Age Considerations Figuring out the RMD Amount Penalty for Not Taking an RMD No Maximum Limit IRA-to-Charity Transfers As part of the CARES Act, the...
by PTF | Mar 20, 2021 | Articles, Individuals
Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage Article Highlights: COBRA coverage Federal COBRA Subsidy Period for Subsidy Alternate Coverage The recently passed American Rescue Plan Act (ARPA) includes a provision for the federal government to pick up...
by PTF | Mar 19, 2021 | Announcements, Individuals
It’s Official! Another Round of Stimulus Payments Approved by Congress Article Highlights: Economic Impact Payments High-Income Taxpayer Phaseout Reconciliation Dependents Decedents Social Security Number Requirements Non-Filers IRS Information Sites The American...
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