Tax Insights

Follow our blog to stay up to date on the latest news, insights and tips to help you make sound decisions throughout the year and be prepared when tax time arrives. Subscribe now to receive the latest blogs directly in your inbox.

IRS Warns of Unemployment Benefits Scam

Many Americans applied for unemployment benefits in 2020 due to job loss or reduced hours resulting from the COVID-19 (coronavirus) pandemic. Unfortunately, scammers also took advantage of the high number of unemployment applications to fraudulently collect benefits....

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2021 Adjustments to Tax Brackets and Deductions

The IRS recently released a list of federal income tax adjustments for 2021. The most important changes include higher standard deductions and higher income limits for common tax rates. Standard Deduction Increases The standard deduction for individual taxpayers will...

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Tax Tip: Tracking Income and Expenses for “Gig” Work

With working from home becoming more common in 2020 & 2021, many people are taking on freelance or “gig” work to supplement their incomes. Whether you rely on gig work as your primary income source or just log a few hours a week, it is important to track all your...

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