Sep 6, 2022 | Personal Tax
As we pack up our students and send them off to school, here are three tips around kids, college students and college tuition that could impact your taxes. Children who are under 24 and are full-time students may be subject to Kiddie Tax on their investment income....
Aug 29, 2022 | Personal Tax, Tax Planning
The Inflation Reduction Act introduces a number of significant changes to the tax credit for new electric vehicles. These changes will phase in over time. Effective immediately (after August 16, 2022), the tax credit is only available for qualifying electric vehicles...
Aug 9, 2022 | Personal Tax
In today’s day and age, protecting your identity and personally identifiable information is critical. How familiar are you with the signs of data theft? It is important to recognize these signs to that you can react quickly to minimize damage. Receiving any of the...
Feb 23, 2022 | Personal Tax, Tax Planning
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...
Feb 16, 2022 | Education, Personal Tax
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...
Feb 9, 2022 | Personal Tax
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....
