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Planning for retirement is one of the most important financial steps you can take. Yet, many people struggle to determine exactly how much they need to save. Fortunately, a Retirement Savings Calculator can provide valuable insights, helping you set realistic goals and adjust your savings strategy accordingly. At Daniel Ahart Tax Service, we understand the importance of financial… [Read More]

The deadline for most retirement contributions for the tax year 2024 is April 15, 2025 However, if you have a Simplified Employee Pension (SEP) IRA or a solo 401(k), the deadline for making contributions for the year 2024 is the tax filing deadline, including extensions, which is typically October 15, 2025. It’s important to note… [Read More]

As the tax season approaches, it’s natural to wonder when you’re officially ready to sit down and prepare your tax return. The truth is, readiness begins with preparation. Whether you’re filing as an individual, a family, or a business owner, having the right documents at hand is key to ensuring a smooth and stress-free tax… [Read More]

Failure to report your crypto gains and losses can result in penalties, interest, or even legal action from the IRS. The agency has been increasingly active in tracking crypto transactions, partnering with exchanges and issuing notices to taxpayers. Do I Need to Report Crypto Losses? Yes! Reporting your crypto losses is just as important as reporting gains…. [Read More]

Even if you File an Extension, You Must Still Pay Your Income Tax in Full by the Tax Deadline Need more time to prepare your federal tax return? Traditionally, federal tax returns are due on April 15 or the first business day thereafter. However, the IRS does grant you an automatic extension to file your taxes… [Read More]

What taxpayers should do if they get a letter or notice from the IRS Your notice or letter will explain the reason for the contact and give you instructions on how to handle the issue. If you agree with the information, there is no need to contact the IRS. Note: As explained on the IRS website,… [Read More]

Crypto Taxes: Tax Reporting Requirements Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. In general, the sale or exchange of convertible virtual currency, or the use of convertible virtual currency to pay for goods or services in a real-world… [Read More]

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]

Unlock significant tax savings and enhance employee satisfaction by offering employer-provided child care benefits in Georgia, designed to support both your workforce and your bottom line.

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]