Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
The tax legislation that has received the most attention in the past year is the Inflation Reduction Act of 2022 (IRA of 2022), which was signed into law this August. One of its goals was to address climate change by offering tax incentives for going … [Read more...] about Inflation Reduction Act Tax Credits
How much are you eligible for? For 2022, the child and dependent care credit is much smaller and nonrefundable (in 2021, it was fully refundable). The dollar limit for eligible expenses returns to $3,000 ($8,000 for 2021) for one child and … [Read more...] about Tax credit for children and qualifying dependents
