Monthly Archives: February 2023
Qualifying For The New Clean Vehicle Credit
This year, the IRS is offering a new tax credit to taxpayers who purchase plug-in electric vehicles (EVs) or fuel cell vehicles (FCVs) from qualifying manufacturers. Known as the clean vehicle tax credit, taxpayers will be eligible for the credit if they purchase a new car in 2023 or later. To learn more about… Read More »
California Storm Victims May Qualify For Tax Relief
Recently, storms have lashed many of the coastal cities in California, which experienced widespread flooding, sinkholes, and the loss of power across the state. The rain has raised water levels across California, where between December 26th and January 9th parts of the state saw more than six times the amount of rain as is… Read More »
Reporting Your Tips
Individuals who work in the service industry often receive tips for their customer service. It comes as a surprise to many people that these tips often qualify as taxable income, so if you work in a restaurant, hotel, salon, or similar industry and have questions about your obligations in regards to your tips, consider… Read More »
