Business & Individual Tax Rates, Deductions, Exemptions & Credits Once again, the season for tax planning is upon us … and this year with a number of challenges for both businesses and individuals. The primary driver is the changes brought about by the passage of the Tax Cuts and Jobs Act (TCJA). On balance, most...Read More
VACATION RENTAL HOME BENEFITS & TAX BREAKS Personal Use and As a Rental Unit Well here we are half way through the summer and many of us have taken a vacation … maybe at a pricey resort or just day trips to the beach, lakes or the mountains. In this article, we’ll take a look...Read More
INDIVIDUAL TAXPAYERS Be Sure to See If You Qualify for Three Tax Credits Taxpayers! You may qualify for one or more of three often overlooked tax credits that may put more money in your pocket. Earned Income Tax Credit (EITC) Child Tax Credit (CTC) American Opportunity Credit (AOC) If you qualify, tax credits will reduce...Read More
Are You Aging or Responsible for Someone Who Is? There is Tax Relief from the Commonwealth of Virginia There’s no question about it … we have an increasingly aging population in the U.S. and Virginia residents are no exception. More than 40 million Americans are now age 65+, nearly 15% of the population … which...Read More
