Posts Tagged ‘tax credit’
7 Milestones In Life That Trigger Taxes: Birth, Marriage, Work, Homeownership and More
Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate You were blissfully unaware of it, but taxes became a part of your life on the day you were born. From that beginning as a spanking-new…
Read MoreEmployers face deadline to claim tax credit for new hires
Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! The Work Opportunity Tax Credit, or WOTC, gives employers a tax reason to hire people who’ve had a hard time finding work. But like most tax matters, the WOTC comes with deadlines.…
Read MorePremium Tax Credit: 3 ways to reduce the chance of owing taxes
Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Taxpayer Advocate Service This past filing season saw some people owing money at tax time that they didn’t expect. Why? Because they didn’t provide an accurate income estimate to the Marketplace when…
Read MoreEarned Income Tax Credit for Certain Workers
Eligible individuals may be able to claim a credit for a percentage of their qualified retirement savings contributions, such as contributions to a traditional or Roth IRA or salary reduction contributions to a SEP or SIMPLE plan.
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