Florida Sales Tax Holiday Ends Soon & Don’t Forget to Write-Off Classroom Supplies

By |2022-08-03T12:38:46-04:00August 3rd, 2022|News Articles, Parents and Children, Sales and Use Tax, Students and Education|

For Florida Parents & Teachers: For Teachers: Source: IRS.Gov Issue Number: Tax Tip 2022-118 From markers to face masks, classroom supplies may be tax deductible Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful. The educator expense deduction allows eligible teachers and administrators [...]

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IRS announces two new online tools to help families manage Child Tax Credit payments

By |2021-06-24T10:06:24-04:00June 24th, 2021|Individual Income Tax, Parents and Children|

Source: IRS.gov Child Tax Credit Eligibility Assistant helps families determine whether they qualify for Child Tax Credit payments Update Portal helps families monitor and manage Child Tax Credit payments  WASHINGTON — The Internal Revenue Service today launched two new online tools designed to help families manage and monitor the advance [...]

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Did You Receive $500 per Child Stimulus Payment?

By |2020-08-14T14:27:29-04:00August 14th, 2020|Coronavirus, Individual Income Tax, Parents and Children|

Issue Number:    IR-2020-180                                                                          IRS.gov IRS takes new steps to ensure people with children receive $500 [...]

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Tax planning includes determining filing status

By |2019-07-24T20:00:10-04:00July 24th, 2019|Individual Income Tax, Parents and Children|

Single or married? Kids or no kids? These are just a couple of questions that will help someone determine their tax filing status. Taxpayers usually only think about their filing status when filing their returns. However, this is something to think about all year, especially if it changes.   This [...]

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Top Ten Adoption Tax Credit Facts to Consider

By |2017-03-25T14:06:03-04:00March 25th, 2017|Individual Income Tax, Parents and Children|

source: IRS.gov Taxpayers who have adopted or tried to adopt a child in 2016 may qualify for a tax credit. Here are ten important things about the adoption credit: The Credit. The credit is nonrefundable, which may reduce taxes owed to zero. If the credit exceeds the tax owed, there [...]

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