Newsletter January 1,2021 > Newsletter January 1, 2021

Setting Yourself Up for a Hassle-Free Tax Season in the New Year

January 1, 2021

By taking a few simple steps now, you can greatly reduce uncertainty and stress during the upcoming 2020 tax filing season. These four actions will help complete your return efficiently, without unpleasant surprises: Gather Documents Showing …

Tax Tip: 2020 Charitable Contributions Deduction

January 1, 2021

Ordinarily, only taxpayers who itemize deductions may deduct charitable contributions on their federal tax returns. However, the CARES Act allows many people who do not itemize to claim a deduction for 2020 cash contributions to …

Upcoming Tax Deadlines

January 1, 2021

January Day 11 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 …