Sep 26, 2024
There’s good reason 90% of taxpayers claim the standard deduction: It more than covers what most Americans can deduct on their own. However, in certain years, some taxpayers may want or need to itemize instead. The standard deduction for 2024 is $14,600 ($29,200 for...
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Sep 17, 2024
The IRS has announced a limited-time reopening of its Voluntary Disclosure Program (VDP) for businesses that incorrectly claimed Employee Retention Credit (ERC). It’s a chance for businesses that may have fallen victim to ERC promoters to correct improper payments at...
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Sep 10, 2024
You can safely assume that, in one form or another, your personal data has been leaked online. If it wasn’t apparent before, it’s undoubtedly become clear with the revelation that nearly 3 billion Social Security numbers (SSNs) and other sensitive personal information...
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