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Navigating the New 2021 Child Tax Credit
The whirlwind of tax changes just keeps going. Now if you have children 17 or under there is a new, higher child tax credit in place for 2021. Here is what you need to know:
2020 Tax Date Delay AND Unemployment Income Now Tax Free
A surprise tax break for 2020 was passed into law in March of 2021. This late, late, late law change is creating havoc within the system. So much so that the individual tax filing due date AND payment of tax is delayed from April, 15 to May 17, 2021.
How to Protect Your Social Security Number
With the dramatic increase in identity theft, what can be done to protect your Social Security number (SSN) from these would-be thieves? Here are some ideas.
Tax Tips to Aid in Retiring Early
Wouldn’t it be nice to check out of the workforce early and not have to worry about having enough money for retirement? While good financial planning can help you get there, leveraging the tax code as part of your retirement plan is also a good idea. Here are some tax tips that could help you reach your early retirement goal.
Estate Taxes: What EVERYONE Should Know
Most taxpayers ignore the federal estate tax, thinking they will never be touched by it. Unfortunately, you do this at your own peril. Why?
Understanding the Home Gain Exclusion
One of the biggest tax benefits available today is the exclusion of gains when you sell your qualified home. Here is what you need to know.
Get Your Money: Ensure You Receive a Stimulus Payment
The IRS recently announced the launch of web sites for non-tax filers to register to receive their economic impact payment and a new Get My Payment tool. Here is what you need to know.
Small Business Owner’s Guide to the CARES Act
The U.S. Senate Committee on Small Business & Entrepreneurship has just released a guide to navigating the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress.
Tax Deadlines Move from April to July
The tax deadlines move from the April 15th tax deadline to July 15th, per U.S. Treasury Secretary Steven Mnuchin. These announcements were made on Tuesday, March 17, 2020 and Friday March 20, 2020 with payment and penalty delays confirmed by an IRS notice:
HSA Accounts
Tyson Eagen, CPA makes another guest appearance on Great Day St. Louis to discuss HSA accounts.
5 Year-end Tax Essentials
Before 2019 comes to a close, take some time to review these essential items to ensure you are not missing something that could cause tax trouble when you file your tax return:
2020 Social Security Changes
The Social Security Administration announced a 1.6 percent boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2020. The increase is based on the rise in the Consumer Price Index over the past 12 months ending in September 2019.
Cash in on 0% Capital Gains Tax Rate
While the maximum capital gain tax rate can be as high as 23.8 percent, most taxpayers pay 15 percent. But there is the possibility to have your capital gains go tax-free; zero percent!
Social Security Planning Starts Now
Although you won’t become eligible for Social Security until your 60s, there’s a lot you can do to prepare before then. Here’s a rundown of steps you can take during each decade of your life:
Tax Breaks for Adult Students
Kids aren’t the only ones heading back to school this fall. Many adults are also taking courses to pursue a new career or improve their current job skills. Fortunately, adult students may qualify for several tax breaks. Here are four possible options:
Money Matters Monday
Tyson Eagen, CPA makes another guest appearance on Great Day St. Louis to discuss Charitable Distributions.
Great Day St. Louis
The Triton Group’s very own Tyson Eagen, CPA made a guest appearance on Great Day St. Louis to discuss some expert tax tips!