An S-Corporation, is a common entity to save taxes, and most small business owners, professionals, practitioners etc. should be using them as their entity of choice. A S-Corp is a tax designation available to corporations and LLCs. S-corps are named from the subchapter of the Internal Revenue Code—subchapter “S”—under which the tax designation is spelled…
What is a Roth IRA? A Roth IRA is an individual retirement account (IRA) in which your investment grows tax-free. You can withdraw your contributions at anytime and income at qualified events penalty free. Your contributions are made with after tax dollars which means that you don’t get any tax deduction in the year you…
Government’s Thrift Savings Plan is increased to $20,500. Limits on contributions to traditional and Roth IRAs remains unchanged at $6,000.
Here are reasons to file 2021 tax return for people who don’t normally file
Find the latest changes to your taxes for year 2021 from Charity to Child and Recovery tax credits.
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