by Ronnie Lee | 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 | 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 | May 1, 2023 |
Those who owe taxes this year may be thinking if it’s a good idea to pay them with a credit card. This may appear to be a risky proposition, but there are instances when it makes sense. For example, suppose you plan to have enough money to pay your taxes but won’t...
by PSA CPA | May 1, 2023 |
If you own any form of property in the United States, the law requires you to pay a Property Tax on a regular basis. People frequently ask if this tax must be paid on a continuous basis, until the property owner passes away. The brief response is that any property...
by PSA CPA | Apr 24, 2023 |
Now that the initial tax deadline has passed, If you did not complete your tax return, you ought to have submitted Form 4868, Application for Automatic Extension of Time to File, with the IRS. The extension offers you an additional six months to file your tax return,...
by PSA CPA | Apr 1, 2023 |
If you, your spouse, or dependents had considerable medical or dental expenditures in 2022, you may be eligible to deduct those costs when filing your tax return this year. What you should know about medical and dental bills, as well as other benefits: Itemizing: Only...
