Newsletter September 1,2022

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Educator Expense Deduction Increase

september 1, 2022

Since 2002, education professionals have been able to claim a deduction of up to $250 per year for qualified classroom expenses. For tax year 2022, the maximum deduction amount has increased for the first time, …

Guidance on Crowdfunding and Taxes

September 1, 2022

Crowdfunding has become one of the most popular ways to raise money for charities, businesses, and people enduring hardships. Depending on a variety of circumstances, money raised through a crowdfunding campaign may be either taxable …

Upcoming Tax Deadlines

September 1, 2022

September Day 12 Employees Who Work for Tips – If you received $20 or more in tips during December, you must report them to your employer (employees are required to keep a daily record of tips). All tips …