Giving Tuesday: Here’s One Opportunity for Ohioans to Give (While Also Receiving a Tax Credit)
On this Giving Tuesday, we wanted to remind our Ohio clients of a unique opportunity to make a positive impact in the community while also benefiting from valuable tax incentives. Did you know that contributing to scholarship-granting organizations (SGOs) can earn you...
2023 Year-End Tax Planning Guide for Individuals
There is still time to do some 2023 year-end tax planning, and this year that planning could be more important than ever. Our 2023 Tax Planning Guide is now available. Of key interest: The IRS interest rate on underpayments has risen significantly, from 3% in...
Ohio Department of Taxation Announces Ohio IT1040 Letters Sent In Error
According to the Ohio Society of CPAs, the Ohio Department of Taxation (ODT) has mailed Verification of Income – Missing Ohio IT1040 letters to some taxpayers in error. This letter advises taxpayers that ODT is unable to process their school district (SD100) refund...
Are You Sure That New EV Is Credit Eligible? See The New Rules & Requirements For 2023
The Inflation Reduction Act (IRA) made significant changes to the electric vehicle tax credit. The links below parse out important criteria for you to meet if you are considering the purchase of or recently have purchased a new EV. Of particular note, the seller must...