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Five Most Overlooked Tax Deductions Who among us wants to pay the IRS more taxes than we have to?1 While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible....Read More
So when should you hire a local CPA, bookkeeper or an accountant? We often get this question and ask the question back "what are you trying to do?". Most of the time, our clients don't know the differences between them so we go on to...Read More
Beginning January 1, 2020, contributions to the Oregon College Savings Plan will no longer be eligible as a subtraction from Oregon taxable income. Instead, Oregon taxpayers will be eligible to receive a tax credit for any...Read More
Oregon First-Time Home Buyer’s Incentive Beginning January 1, 2019 and ending December 31, 2026, Oregon allows an income subtraction for first time home buyers with qualified savings accounts in the state. This program allows...Read More
Here are 3 overlooked tax deductions & credits you may be missing Child & dependent tax credit Do you have children under the age of 17 who are claimed as dependents on your tax return? If so, you may qualify for a tax credit up to $2...Read More
If all the general requirements (which vary based on your level of taxable income) are met, the deduction can be claimed for a rental real estate activity - but only if the activity rises to the level of being a trade or business. An...Read More
Tax filing season is here again, and millions of hardworking Americans are already dreaming of those fat refund checks. Unfortunately, many of them may be disappointed this year. The combination of recent changes to the tax law and...Read More