Monthly Archives: March 2020

Do You Need to File a 2019 Tax Return?

Most people file a tax return because they have to, but even if you don't, there are times when you should - because you might be eligible for a tax refund and not know it. The tax tips below should help you determine whether you're one of them.General Filing RulesWhether you need to file a…
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Claiming an Elderly Parent or Relative as a Dependent

Are you taking care of an elderly parent or relative? Whether it's driving to doctor appointments, paying for nursing home care or medical expenses, or handling their personal finances, dealing with an elderly parent or relative can be emotionally and financially draining, especially when you are taking care of your own family as well.Fortunately, there…
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2020 Tax Withholding: the new Form W-4

Form W-4,¬†Employee's Withholding Certificate, has been redesigned for 2020. Previously, income tax withholding was based on an employee's marital status and withholding allowances or tied to the value of the personal exemption. With the revised Form W-4, however, income tax withholding is generally based on the worker's expected filing status and standard deduction for the…
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ACA Reporting Requirements for Employers

The health care law contains tax provisions that affect employers. Two parts of the Affordable Care Act apply only to applicable large employers. These are the employer shared responsibility provisions and the employer information reporting provisions for offers of minimum essential coverage.The size and structure of a workforce determines which parts of the law apply…
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