October - 2022

Is Requesting For Currently-Not-Collectible Status The Right Tax Bill Option For Me?

The IRS is sending you tax bills, but you're not able to afford to pay them so the IRS threatened a tax lien or tax levy on your...

The IRS Reminds Taxpayers With Eligible Dependents That They Can Qualify For 2021 Child Tax Credit

On October 17, 2022, the IRS sent out an announcement regarding the Child Tax Credit (CTC). Taxpayers who claim at least one child as...

The Florida Motor Fuel Tax Relief Act Of 2022 Effective October 1 - October 31

The Florida Legislature passed the Florida Motor Fuel Tax Relief Act of 2022 on Saturday, October 1. The total amount of tax reduction...

The IRS Announces Tax Inflation Adjustments, Marginal Tax Brackets, & Tax Income Rates For 2023

On Tuesday, October 18, 2022, the Internal Revenue Service revealed inflation-adjusted marginal rates and brackets for 2023, and many...

Hurricane Ian Victims In North And South Carolina Automatically Qualify For Tax Relief

The IRS announced on October 5, 2022, that Hurricane Ian victims located all throughout North and South Carolina have until February 15,...

What Is Child And Dependent Care Credit?

The Child and Dependent Care Credit is a federal tax credit that assists families in paying for child care expenses while working or...

Parents Who Missed Out On The $3,600 Child Tax Credit Can Claim By November 15

Last year, a generous child tax credit provided qualifying parents with up to $3,600 per child. For families who missed out on some of...

Work Opportunity Tax Credit: Employers May Be Eligible To Earn A Federal Income Tax Credit Incentive

In mid-September, the IRS released some updated information on the Work Opportunity Tax Credit (WOTC), a one-time federal tax credit...

Hurricane Ian Victims Get Federal Tax Relief From The IRS

The Internal Revenue Service announced on Thursday, September 29 that the deadline for filing individual and business tax forms and...

Tax Articles