Now, Covid was front and center on our tax returns for a lot of years. Are there still things we need to worry about? Lisa Greene-Lewis: Last tax season, what we saw, Covid relief went away. That was the first time that a lot of the Covid relief went away. So people did ...
Many taxpayers are feeling the impact of the COVID-19 pandemic on their everyday lives. But thanks to a number of changes to the tax laws, you could see some tax relief when you file your taxes.
The Spring Budget of 2023 has brought about two new capital allowances to reduce the financial burden on companies, who will soon face an increase from 19% to 25% in the corporate rate come 1 April 2023. The plans are expected to last for the next three-year, with the aim to become ...
This only applies to salaries, profits, and personal assessment demand notes for the year of assessment 2021/22 issued between April 2022 and May 2023. Individuals and firms who are having trouble paying their tax bills on time can apply. If the instalment plans are s...
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The IRS has made certain accommodations for taxpayers affected by disasters in 2024, including the storms that hit Florida and the Southeast. In addition to extending filing and payment deadlines, the IRS will allow affected taxpayers to exclude qualified disaster relief payments from their gross inco...
This is the fifth year we have used your on-line service to file our taxes. We started when we were almost three years behind in filing. You made it easy to catch up even though we were paralyzed with fear and didn't know what to do because we were so behind. Once we were caught...
workplace 401(k) to save on your 2023 tax bill, you can still fund an IRA up to the tax filing deadline, which is April 15 in 2024. If you are younger than 50, you can contribute up to $6,500 to an IRA for the 2023 tax year. The limit is $7,500 for those 50 and ...
These platforms allow you to receive payments for your business, but they don’t help you escape the IRS. Erica SandbergMarch 26, 2025 Do You Owe the IRS? How to Find Out If you owe back taxes, it’s important to act quickly and set up a plan to repay them. ...
Read a collection of insightful and informative blog posts from Optima Tax Relief - Voted America’s #1 Most Trusted Tax Relief Firm