by PSA CPA | Sep 19, 2023 |
If your income changes from yearly, you may find yourself spending more in taxes than you anticipated. This is due to the fact that when your income rises, you may be forced into a higher tax band, resulting in greater tax rates for higher income levels. So, how can...
by PSA CPA | Sep 1, 2023 |
Qualified EV and FCEV buyers can qualify for an excise tax credit of up to $3,000 beginning July 1, 2023. The tax credit is limited to one car per individual and ten vehicles per corporate organization and is available on a first-come, first-served basis. The...
by PSA CPA | Aug 16, 2023 |
The typical cutoff for undergraduate students to commit to their college of choice is May 1, which means tuition payments are not far behind. Here’s what you should know if your child’s scholarships are taxed. What Is a “Scholarship?” First, it’s critical to grasp...
by PSA CPA | Aug 16, 2023 |
As of Tuesday, April 18, the amount of electric cars (EVs) that are eligible for the full $7,500 federal tax credit will be significantly decreased due to tougher battery-sourcing restrictions. The US Treasury Department has produced a list of electric and plug-in...
by PSA CPA | Aug 16, 2023 |
Opening an additional location for a business is a significant choice that can have long-term consequences for your company. Finance executives have a critical role in making the best choice, particularly in terms of cost. Work with Human Resources Firstly, the HR and...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…