Monthly Archives: February 2024
Taxpayers Affected by Storms and Tornadoes Could Qualify for Tax Relief
Earlier this month, many southern states were battered by severe storms and tornadoes. Tennessee was hit especially hard, with many residences and businesses damaged or destroyed and thousands left without power. In an effort to help these victims, the IRS recently announced that it would be offering tax relief to affected taxpayers, who now… Read More »
The 2024 Tax Filing Season Started January 29th
The IRS recently announced that the official start date for the 2024 tax season was January 29th, the date which the agency will start accepting and processing 2023 tax returns. Although taxpayers technically have until April 15th to file their taxes, most are encouraged to start the filing process as soon as possible to… Read More »
FAQs About the New Clean Vehicle Tax Credit
Taxpayers who purchased an all-electric, plug-in hybrid, or fuel cell electric vehicle last year could be eligible for a tax credit of up to $7,500. Because a number of changes were made to this credit last year, there is still a lot of confusion about who qualifies for it and how it is claimed…. Read More »
