Blog
Preventing Fraud for Business Accounts
Jeff Kopco at First Federal Lakewood shares tips for identifying scam emails, spoofing and smishing attempts. All of these are simple, yet extremely important skills business owners need to teach their staff in order to protect their accounts. Please take a minute to...
Children & Income Tax: 3 Tips
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....
Electric Vehicle Tax Credit Changes Effective Immediately
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...
Reminders & Tips for SafeSend Returns Users (Digital Tax Return Delivery)
We know it's summer and most of you aren't thinking taxes; however, we've heard from a few of you about needing to access the digital copies of your 2021 tax returns and/or tax documents. They are located in SafeSend Returns. Here are some helpful tips to access...
Would You Recognize the Signs of Data Theft?
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...
Rising Gas Prices Bring About Increase In Federal Standard Mileage Rates
In recognition of rising gas prices, the IRS has announced a rare increase to the optional standard mileage rate for July-December 2022. The new rate will be 62.5 cents/mile, an increase of 4 cents/mile from the rate at the start of the year. (Travel from January-June...
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....