by Alex Isakov | Apr 7, 2020 | Tax Facts
The IRS has issued a warning that the criminal world may try to get people’s personal information by claiming that they are gathering info for the stimulus checks. This is a reminder that the IRS will NEVER call, text, or email for personal information. Please,...
by Alex Isakov | Mar 30, 2020 | Tax Facts
With the talk about the stimulus check, we all have many questions. One of the things I have read is if you haven’t had your 2018 or 2019 taxes done get them done as soon as possible. They are going to base your check amount on your tax return. If you have...
by Alex Isakov | Mar 26, 2020 | Tax Facts
COVID-19 has caused such havoc in our Great Nation. With the request for us to quarantine and for businesses to close down temporarily or cut back on their hours, it has caused a huge amount of stress on business owners and employees. The U.S. Small Business...
by Alex Isakov | Mar 5, 2020 | Tax Facts
In the U.S., taxpayers pay more if they make more. In fact, there are currently seven different tax brackets in the U.S., and the higher your income, the higher your bracket. This type of system is referred to as a progressive tax system. It’s an alternative to...
by Alex Isakov | Feb 25, 2020 | Tax Facts
Did you know that some credits are refundable, but others aren’t? Since a tax credit provides a dollar-for-dollar reduction in what you owe, there are times when credit could reduce your taxes below $0. If you owed $1,000 in taxes, for example, and were eligible...
by Alex Isakov | Feb 18, 2020 | Tax Facts
Even though 2019 may be over, there are still a few things you can do to lower your 2019 tax bill, if you have a little cash on hand. You cannot make any more contributions to your 401(k) for last year, but you can still make IRA and Health Savings Account (HSA)...
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