by PSA CPA | Apr 1, 2024 |
Comptroller Brooke E. Lierman has stated that the Office of the Comptroller will waive late payment penalties and interest for Maryland businesses until May 31, 2024, to address the economic effect of the Francis Scott Key Bridge collapse. According to investigators,...
by PSA CPA | Apr 1, 2024 |
Filing jointly or separately The IRS deems taxpayers wedded if they are legitimately married under state law, reside together in a state-recognized common-law marriage, or are separated but do not have a separation maintenance or final divorce decision at the...
by PSA CPA | Mar 1, 2024 |
Are you doing your taxes for the first time this year? Filing an income tax return for the first time might be intimidating. The good news is that most teen tax returns are straightforward to complete—you just need to be familiar with fundamental tax concepts. Is an...
by PSA CPA | Feb 1, 2024 |
If you and your significant other live together but are not married, you most likely share numerous expenditures, and one of you may even financially support the other. In such a case, you may question if you may list your girlfriend or boyfriend as a dependent on...
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 |
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...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…