Taxes Archives - JRJ Income Tax Service

What You Need to Know About Changes to the Child Tax Credit

Mar 7, 2022 | News, Taxes

Americans have been receiving some form of a Child Tax Credit since the late ’90s, and most recently that meant a $2,000 credit at tax time for every dependent aged 17 and younger. Then came the COVID-19 pandemic and all the financial hits that people across the...

Want to See That Refund Sooner? File Your Taxes Electronically.

Feb 7, 2022 | Tax Deadlines, Taxes

We can’t stress it enough this year: If you’re getting a tax refund and you want to see it anytime soon, you should plan to file electronically. Not only that, but you should ensure that you are set up to have your refund direct-deposited to your bank. The...

Use Cash App? Venmo? PayPal? … Payment Reporting is Changing for 2022

Feb 1, 2022 | Taxes

By: Stephanie Smith, Tax Preparer & Enrolled Agent Are you one of the many users of apps like Cash App, Venmo or PayPal to accept payment for services or products? The reporting rules for these third-party payment processors are changing in 2022, but some of the...

Summer Cleaning? It’s a Great Time for Tax-Deductible Donations

Jun 4, 2021 | Taxes

If you’ve been doing some spring cleaning or clearing out your winter wardrobe for your summer wardrobe, now is the time to start thinking about the tax deduction you can get donating your unwanted items to a thrift store, instead of waiting until the night before...

Buying a new home this summer?

Jun 4, 2021 | Taxes

Summertime is a popular season for purchasing a new house. Before you listen to any great “tax benefits” from your realtor or mortgage lender, let’s clear a few things up before you come in for your appointment. Purchasing a home? When it come to the actual...

IRS Extends Individual Income Tax Filing Deadline to May 17

Apr 1, 2021 | News, Tax Deadlines, Taxes

The IRS has announced a filing deadline extension for all 2020 federal personal income tax returns. This decision moves the filing due date from April 15 to May 17, 2021. Individual taxpayers, including joint filers and those with self-employment earnings, now have...