THIS SUPPLEMENT REFLECTS CHANGES THROUGH FEBRUARY 1, 2025 This year’s book, J.K. Lasser’s 1001 Deductions and Tax Breaks, covers the tax rules as … Read more about Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
5 Things to Know About Tax Credit Transfers
Tax credits typically are claimed on tax returns and may be limited to the extent of your tax liability. New rules may allow you to get the benefit … Read more about 5 Things to Know About Tax Credit Transfers
What to Buy Now: An EV or Fossil Fuel Vehicle
If you are considering the purchase of a vehicle for business, should you opt for an electric-powered vehicle (EV) or fuel cell vehicles (FCV), a … Read more about What to Buy Now: An EV or Fossil Fuel Vehicle
Tax Credit Transfers: What, How, When?
For many years, states have allowed taxpayers to transfer certain tax credits, effectively selling a tax break for cash. Now, federal tax law offers a … Read more about Tax Credit Transfers: What, How, When?
One Retirement Plan and 5 Tax Credits
A qualified retirement plan is an important employee benefit to attract and retain valued workers. According to Vestwell 2023 Retirement Trends … Read more about One Retirement Plan and 5 Tax Credits
Tax Credit Refunds—What to Know
Tax credits are a dollar-for-dollar reduction of taxes owed. Some credits offset income taxes; others offset employment taxes. Some credits are part … Read more about Tax Credit Refunds—What to Know
Tax Credits Ending Soon: What to Do Now
A month from now, on September 30, 2021, a number of business tax credits end. Others are scheduled to expire at the end of the year. Of course, any … Read more about Tax Credits Ending Soon: What to Do Now
Slash Your Federal Tax Bill with Income Tax Credits
A tax credit is a dollar-for-dollar reduction of tax liability. During COVID-19, much attention has been focused on employment tax credits for paid … Read more about Slash Your Federal Tax Bill with Income Tax Credits
Consolidated Appropriations Act, 2021: What’s in It for You?
On December 27, 2020, a massive new law was signed by the President to fund the federal government through the end of fiscal year 2021 (September 30, … Read more about Consolidated Appropriations Act, 2021: What’s in It for You?
Government Incentives for Small Businesses: What’s in It for You?
Governments -- federal, state, and local — provide a variety of economic incentives to encourage businesses to hire workers, invest in capital … Read more about Government Incentives for Small Businesses: What’s in It for You?
Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2020
The tax law is not static. Since the publication of this book, Congress has enacted a massive spending measure—the Further Consolidated Appropriations … Read more about Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2020
What Do Tax Stats Tell Us about Small Business?
The IRS released statistics on 2014 income tax returns filed by individuals. It includes income and losses reported by sole proprietors on Schedule … Read more about What Do Tax Stats Tell Us about Small Business?
