Projected Delivery Schedule for 2020 Tax Refunds & Tracking

With the processing of 2020 federal tax returns now underway, the IRS has issued information about the likely timetable for refunds to be issued. Here are some key points to keep in mind: The IRS began processing returns on February 12, 2021The fastest way to receive...

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...

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...