False Tax Credit Claims Tied to Social Media

Sep 11, 2025 | IRS, Tax Credit

IRA Assesses $162 Million in Penalties The IRS is warning taxpayers about an increasing wave of scam tax schemes spreading across social media, which encourage the improper use of credits like the Fuel Tax Credit and the Sick and Family Leave Credit. These frauds have...

Tax Extension Filers, Don’t Miss These Tax Credits

Aug 19, 2022 | Tax Credit

The IRS reminds taxpayers who’ve yet to file their 2021 federal income tax return and are on a tax extension, to make sure they take advantage of the deductions and credits for which they’re entitled and to file electronically as soon as possible....

Relief For Work Opportunity Tax Credit

Aug 17, 2021 | IRS, Tax Credit

The Internal Revenue Service announced it is providing transition relief to certain employers claiming the Work Opportunity Tax Credit (WOTC).  The WOTC is a federal income tax credit available to employers that hire certified members of certain groups specified in...

Some Quick Reminders For Tax Season

Apr 6, 2021 | Tax Credit, Tax Deductions, tax season

Tax season is here and sadly, taxes are an annual occurrence for most of us. With all of the changes to our current economy, it is easy to forget some minor details. There are some slight changes to tax policy since this year was the start of a new administration...

Earned Income Tax Credit

Jan 9, 2020 | Tax Credit

The earned income tax credit benefits working people with low-to-moderate income. Last year, the average credit was $2,445. EITC not only reduces the amount of tax someone owes, but may also give them a refund, even if they don’t owe any tax at all. Here are...

Am I Taking Too Many Exemptions

Nov 7, 2019 | Tax Credit, Tax Deductions

The last thing anyone wants is to find out is that the IRS is billing them for a couple of thousand dollars or that they owe a penalty. As we have heard countless times, it is better to overpay and receive a return than to pay too little and have another bill to worry...