by HintonBurdick | Mar 1, 2021 | News
Special tax rules may apply to some children who receive investment income. The rules may affect the amount of tax and how to report the income. Here are five important points to keep in mind if your child has investment income this year: 1. Investment...
by HintonBurdick | Mar 1, 2021 | News
Tax credits are still available for Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and light trucks. The credit applies to vehicles acquired after 12/31/2009, and is limited to $7,500. State and/or local incentives may also apply. The...
by HintonBurdick | Mar 1, 2021 | News
Apps like Robinhood make it easy for everyone to play the stock market. If you’re a retail investor who made money last year buying and selling stocks, you may owe capital gains tax when you file your tax return this year. If you lost money, you may be able to...
by HintonBurdick | Mar 1, 2021 | News
Tax changes due to recent legislation such as the Tax Cuts and Jobs Act and the CARES Act, affect both individual taxpayers and small businesses. In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarified several tax...
by HintonBurdick | Mar 1, 2021 | News
If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Let’s take a look: 1. Child Tax Credit Generally, taxpayers can claim the Child Tax Credit for each qualifying child under the age of 17....
