For 2022, the amount increased to a maximum of $300 and will increase in $50 increments in future years based on inflation.
Tax Update for Unemployment Recipients
IRS PROVIDES INFORMATION ON 2020 UNEMPLOYMENT BENEFITS The IRS has provided the following information regarding 2020 unemployment benefits and the 2021 tax filing season: Unemployment benefits A record number of Americans applied for unemployment compensation in 2020 due to the pandemic. Anyone who received unemployment benefits will need to report it on their tax returns. However, … Continue reading Tax Update for Unemployment Recipients
Give the gift of education
One of the best gifts a parent or family member can give a child is the gift of education.
#TaxTip: Six Important Facts to know before deducting a charitable donation
Welcome to Financial Freedom Press! It's tax season and we will be sharing valuable information directly from the IRS website that will help you in filing your federal tax return. As always, MT Austin and Associates would be honored to provide your individual or small business, non-profit tax preparation services. We offer competitive pricing and … Continue reading #TaxTip: Six Important Facts to know before deducting a charitable donation