by ABIP | Jan 3, 2021 | COVID-19, News, Newsletter, Taxes
[vc_row][vc_column][vc_column_text] COVID-related Tax Relief Act of 2020 The Consolidated Appropriations Act, 2021, H.R. 133 included funding for the government, extensions for expiring tax extenders, COVID tax relief under the COVID-related Tax Relief Act of 2020,...
by ABIP | Jan 1, 2021 | COVID-19, News, Newsletter, Taxes
[vc_row][vc_column][vc_column_text] Important Tax Changes for Individuals and Businesses Every year, it’s a sure bet that there will be changes to current tax law and this year is no different. From standard deductions to health savings accounts and tax rate...
by ABIP | Dec 7, 2020 | Taxes
[vc_row][vc_column][vc_column_text]When COVID-19 struck last March, employers quickly switched to a work-from-home model for their employees, many of whom began working in a state other than the one in which their office was located. While some workers have returned...
by ABIP | Dec 4, 2020 | Newsletter, Taxes
[vc_row][vc_column][vc_column_text]Certain energy-efficient home improvements can cut your energy bills and save you money at tax time. While many of these tax credits expired at the end of 2016, tax credits for residential and non-business energy-efficient solar...
by ABIP | Dec 2, 2020 | COVID-19, News, Taxes
[vc_row][vc_column][vc_column_text]The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes several temporary tax changes that help charitable organizations. One such provision allows taxpayers to deduct cash donations of up to $300...
by ABIP | Apr 10, 2014 | Taxes
What Hasn’t Changed in 2014 As annualized inflation has been tame, the IRS has left some yearly limits and thresholds unaltered for 2014. Here is a list of key unchanged items: Traditional/Roth IRA Contribution Limit $5,500 ($6,500 if 50 or older this year)...
