Blog
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
Personal Income Taxes: A Global Comparison
Personal Income Taxes: A Global Comparison Income taxes play a crucial role in funding government operations, infrastructure, and public services. While most countries levy personal income taxes on their citizens, the rates can vary significantly from one nation to
Maximizing Your Social Security Benefits
Maximizing Your Social Security Benefits How to qualify for Social Security benefits: Need 40 credits to qualify for SS benefits 1 credit = $1,510 in earnings per quarter (2022) Example – To earn 4 credits in 2022,
Sources of Non-taxable Income
Sources of Non-taxable Income Although the IRS does want a share of most income, here are a few sources of income that are not taxed. Alimony - Alimony received from a divorce that occurred after December 31, 2018 is
Ensuring Client Data Privacy: Our Commitment to Protecting Your Personal Information
At Johnson CPA, we value the trust our clients place in us when it comes to handling their financial information. Recent reports in Accounting Today have highlighted concerns about certain tax preparation software companies leaking sensitive personal data to third-party
Maximize Your Gifts – The Gift Tax Exclusion
Maximize Your Gifts - The Gift Tax Exclusion Did you know that you can use the annual Gift Tax Exemption to give money to friends and family, while reducing the size of your estate and without the need to file