Category: Personal Taxes

Personal Taxes

What is a Deduction?

When tax season comes around people love to talk about deductions.  Tax deductions, put in the simplest way, are items that lower your taxable income

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Personal Taxes

Estimated Payments

In our income tax system, you are supposed to pay income tax on the income when you earn it.  This means you are supposed to

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New Tax Guidelines

EV Tax Credit

Summary: The Inflation Reduction Act of 2022 (IRA) is the biggest federal investment to fight climate change in American history. The law provides financial incentives

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Personal Taxes

Federal COVID Tax Relief

To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service issued Notice 2022-36, which provides penalty relief to most people and businesses

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Personal Taxes

Massachusetts State Tax Refund

More than three million Massachusetts taxpayers will be getting some money back from the state starting in November. Massachusetts is returning $2.941 billion in excessive

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