by PSA CPA | Sep 1, 2024 |
Legally speaking, the later of these two dates is the latest day by which you can file a credit claim or get a federal income tax refund for a certain tax year: Either two years after the date of tax payment or three years after the date on which your federal income...
by PSA CPA | Sep 1, 2024 |
There are several types of common tax write-offs that can help lower your taxable income. Here’s a look at some of the most frequently claimed deductions: 1. Business Expenses: A primary category of tax write-offs, qualifying business expenses include costs like...
by PSA CPA | Sep 1, 2024 |
If you’ve moved from one state to another, you likely updated your voter registration and obtained a new driver’s license. When tax season comes around, there’s more to consider. While you only need to file one federal tax return, you will probably need to...
by PSA CPA | Sep 1, 2024 |
For many families, choosing private school education is driven by a desire for a more personalized and enriched learning environment. However, as tuition costs continue to rise, parents often wonder if there are tax deductions to help offset these expenses. This guide...
by PSA CPA | Aug 1, 2024 |
This summer, taxes are most likely the last thing on your mind, but bear with us! In fact, the summer is a great time to do a mid-year financial review and evaluate your tax status. Here are some summer tax decisions you can make to save yourself some money come tax...
by PSA CPA | Aug 1, 2024 |
There’s generally a mix of excitement and fear around tax season. However, what if we told you that saying “I do” can actually have financial benefits? Joining forces with your spouse to file jointly can result in substantial tax savings. We’re...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…