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Energize Your Savings: Exploring Tax Credits for a Greener Home
Energize Your Savings: Exploring Tax Credits for a Greener Home Embracing a more energy-efficient future, the Inflation Reduction Act of 2022 has paved the way for homeowners to readily harness tax credits, enabling them to save money by paying less
Strategic Year-End Tax Planning for Businesses: Maximize Savings and Minimize Liabilities
Strategic Year-End Tax Planning for Businesses: Maximize Savings and Minimize Liabilities As the end of the calendar year approaches, businesses have a unique opportunity to engage in strategic tax planning to optimize their financial position. In this blog, we'll explore
Year End Tax Tips
Year-End Tax Tips 1. Review your portfolio. Consider harvesting losses to offset your capital gains. 2. Max out your retirement plan contributions. The 2023 maximum IRA contribution is $6,500 (plus $1,000 if age 50 or over) and you can make
Year-End Tax Wins: Tax-Loss Harvesting
Year-End Tax Wins: Tax-Loss Harvesting Tax-loss harvesting is a strategy where investors strategically sell investments at a loss to offset capital gains, reducing their tax liability. It's especially valuable for offsetting short-term capital gains, which are typically taxed at higher
IRS Temporarily Halts New ERC Claims
IRS Temporarily Halts New ERC Claims The IRS has temporarily stopped accepting new claims for the employee retention tax credit (ERC) because of scams. This pause began on September 14 and will continue until at least December 31, 2023. If
The Surge in State and Local Sales Tax Changes in 2023
The Surge in State and Local Sales Tax Changes in 2023 The first half of 2023 has witnessed a substantial increase in state and local sales tax changes, reflecting governments' growing reliance on indirect taxes to fund essential operations. These