Have You Considered Utilizing Your HSA as a Savings Tool?
Individuals covered by a qualifying high-deductible health insurance are eligible for a Health Savings Account. The Health Savings Account (HSA) can be a good tool for saving for your future healthcare needs. The money you contribute to your HSA comes from pre-tax...
Ohio Offers A Newer Tax Credit to Citizens Supporting K-12 Educational Scholarships
Ohioans donating money to scholarship-granting organizations (SGOs) are eligible to receive a dollar-for-dollar tax credit up to $750 (or $1,500 for married couples filing jointly) for these donations. SGOs are nonprofits that provide private or parochial school...
Can I Claim My Child & Dependent Care On My 2021 Tax Return?
The Child & Dependent Care Credit underwent major changes in 2021 as part of the American Rescue Plan Act. The most significant change includes an increase in the credit of up to $4,000 for one qualifying person and $8,000 for two or more qualifying people....
Charitable Donations of Household Goods – How Do I Determine a Dollar Value?
On our website under the Tools/Links tab, you can scroll down to the heading General Links where you’ll find a link to a Non-Cash Charitable Valuation Guide. This link takes you to the Salvation Army’s Donation Value Guide. Here you can find values for items...