Tax Season 2024 (for filing year 2023 taxes): Tax Benefits for the Self-Employed Being self-employed comes with its own set of financial responsibilities, but it also offers opportunities for tax deductions and credits that can help reduce the overall tax burden. Changes in the tax code in 2018 (via the Tax Cuts and Jobs Act… [Read More]

Whether you live in Alpharetta, Cartersville or Riverdale, there’s a Daniel Ahart Tax Service office near you It’s important to remind our existing and prospective clients that we are open all year round so that we are ready to assist you with your personal and business tax needs regardless of when you need us the most,” explains Daniel Ahart, chief tax officer at the tax… [Read More]

You can get tax refund advances of up to $6,000 but isn’t the best fit for each particular situation From January through April, a tax refund loan can be a great way to get money quickly. But you need to pay some fees, so make sure you consider the pros and cons of your particular situation before… [Read More]

Many Employers Are Boosting the Corporate Benefits Offerings Access to High-Quality Child Care to their Employees. Employer-provided child care benefits are designed to assist employees with child care expenses and can offer tax advantages to both employers and employees. Employers that provide or sponsor child care for their employees can claim a federal credit of 25% of… [Read More]

The Ins and Outs of the Child and Dependent Care Credit. The Child and Dependent Care Credit is a tax credit offered by the U.S. federal government to help eligible taxpayers cover the costs of childcare or care for dependents while they work or look for work. This credit can help reduce the tax liability… [Read More]

When it comes to student loan forgiveness, repayments, and taxes, there are several important factors to consider These topics can have significant implications for borrowers. Here’s an overview of what you need to know: Read also: “Student Loan Calculator“ Remember, the information provided here is general in nature and should not be considered as specific… [Read More]

Tax laws can vary by jurisdiction and individual circumstances. It’s important to note that tax law changes can have wide-ranging impacts on individuals, businesses, and the economy as a whole. Understanding these changes is crucial for taxpayers to navigate their obligations and make informed financial decisions. Here are some general changes that occurred in 2022…. [Read More]

Tax essentials for crypto investors While tax regulations can indeed vary by jurisdiction when it comes to cryptocurrencies, here are some general considerations for crypto taxation: Read also: “Crypto Taxes: Do I Need To Report My Gains And Losses?“ Given the evolving nature of cryptocurrencies and the complexities of tax regulations, it is crucial for… [Read More]

Yes, the IRS can seize or offset your tax refund under certain circumstances: If your refund is going to be offset, you’ll typically receive a notice from the IRS or other federal agency involved, explaining the reason for the offset and providing information on how to dispute it if you believe it’s incorrect. It’s also… [Read More]

Building business credit is important for several reasons: Overall, building business credit is an important part of running a successful business. A strong credit profile can provide access to funding, protect personal assets, establish credibility, lower insurance rates, and create opportunities for growth,” explains Daniel Ahart, chief tax officer at the tax preparation company Daniel Ahart Tax… [Read More]

Tax treatment for homeowners who generate solar energy for personal use In most countries, including the United States, homeowners who generate solar energy for personal use do not have to pay taxes on the energy they generate. This is because the electricity generated by a home solar energy system is considered a personal use item… [Read More]

The federal solar tax credit, also known as the Investment Tax Credit (ITC), will be at a reduced rate in 2022 and beyond. To claim the federal solar tax credit, you will need to file IRS Form 5695 “Residential Energy Credits” with your federal tax return. You will also need to provide documentation of the… [Read More]