Mar 26, 2020 | Tax, Uncategorized
Tax Deadline Moves to July 15 April 1, 2020 The April 15 federal income tax filing due date has been moved to July 15, the U.S. Treasury Department and IRS recently announced. Here is what you need to know: The due dates for all tax payments normally due April...
Mar 20, 2020 | News, Tax, Uncategorized
Tax Relieft for COVID-19: Extension of Time to File New Mexico Taxes March 20, 2020 Due to the COVID-19 pandemic and statewide public health emergency, the New Mexico Taxation and Revenue Department has announced that New Mexico taxpayers qualify for an...
Mar 18, 2020 | Tax, Uncategorized
Video: 2020 Individual Tax Highlights March 18, 2020 Tax Laws Extended Through 2020 • Tuition and Fees Deduction – Deduct up to $4,000 in educational expenses. • Medical expense deduction remains at 7.5% of adjusted gross income. • Mortage...
Mar 3, 2020 | Tax, Uncategorized
Four Tax Saving Opportunities March 4, 2020 Every year is an election year when it comes to making decisions on your annual income tax return. Here are four common examples that can create tax savings opportunities if you elect the correct option. 1. Tax...
Feb 11, 2020 | Tax, Uncategorized
Determining Whether You Need to File a Gift Tax Return February 13, 2020 For 2020, the lifetime gift and estate tax exemption has reached a whopping $11.58 million ($23.16 million for married couples). As a result, few people will be subject to federal gift...
Feb 4, 2020 | Tax, Uncategorized
Where’s My Tax Return? Common Items that are Often Forgotten February 25, 2020 Wondering why your tax return is not finished? Often the delay can come from one or two items that were overlooked and are needed to complete your tax return. Here are some of...
