Category Archives: Taxes

Individual Tax Rates

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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Original Tax Due Dates for March 2020

NOTE: Due to the coronavirus these deadlines have changed.March 2Farmers and Fishermen - File your 2019 income tax return (Form 1040) and pay any tax due. However, you have until April 15 to file if you paid your 2019 estimated tax by January 15, 2020.Health Coverage Reporting - If you are an Applicable Large Employer,…
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