by Megan Kosciolek, EA, MST | Apr 5, 2022 | Tax
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by...
by Paula Kennedy, EA | Feb 8, 2022 | Tax
If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the charitable donation. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2021 income...
by Paula Kennedy, EA | Jan 11, 2022 | Tax
While Congress didn’t pass the Build Back Better Act in 2021, there are still revised tax limits that may affect your tax situation for this year. That’s because some tax figures are adjusted annually for inflation. If you’re like most people, you’re probably more...
