by GPwebsiteV3! | Dec 5, 2023 | GP Articles, Tax
A qualified tuition plan, also known as a 529 plan, is a tax-advantaged way to save for education expenses. A Roth IRA is an individual retirement account that allows tax-free growth and withdrawals of contributions and earnings, subject to certain rules. Both...
by GPwebsiteV3! | Jun 4, 2021 | Business, Covid-19, GP Articles, Tax
Let’s face it, it’s been a dark year and a half since much of the country shut down with the coronavirus pandemic. Now, many businesses that believed they had made it through the worst of it are facing pandemic aftershocks that are shaking up business models around...
by GPwebsiteV3! | Mar 25, 2021 | Covid-19, GP Articles, Tax
The American Rescue Plan Act (ARPA) signed into law earlier this month by President Biden made significant temporary enhancements to the child tax credit (CTC). These enhancements temporarily expand the eligibility for, and the amount of, the child tax credit (CTC)...
by GPwebsiteV3! | Jul 10, 2020 | GP Articles, Tax, Tax Reform
Later this year, the US Supreme Court will deliberate on a case that could potentially lead to the Affordable Care Act (ACA) and its associated taxes being found retroactively unconstitutional. If the Court does find the ACA unconstitutional, taxpayers may be entitled...
by GPwebsiteV3! | Mar 19, 2020 | Covid-19, IRS, Tax
The IRS issued Notice 2020-17 on Wednesday, extending the April 15 income tax payment deadline for many to July 15, 2020. The tax return filing deadline was not extended by this notice. Details may be found in the link below: ...
by GPwebsiteV3! | Mar 4, 2019 | IRS, Tax
With major tax reform changes impacting most taxpayers, the IRS has released a guide along with other online resources explaining the effects both this year and in the years to come. For more information, visit the link below:...
