by Demby Tax & Financial Services | Nov 5, 2021 | Tax Tips and News
A new provision in the tax code lets more taxpayers deduct up to $600 in donations to qualified charities—even if they don’t itemize. Itemizing is ordinarily the key that unlocks the charitable donation deduction; taxpayers choosing the standard deduction...
by Demby Tax & Financial Services | Nov 4, 2021 | Tax Tips and News
Taxpayers in Connecticut are getting a little extra time to file their taxes, courtesy of Hurricane Ida and the IRS. Ida tore up coastal areas in the southern U.S., and went on to batter the Northeast with flooding and other damage. The Internal Revenue Service...
by Demby Tax & Financial Services | Nov 2, 2021 | Tax Tips and News
Families who have significant income changes to report for the advance Child Tax Credit payments are running out of time to pass those changes on to the Internal Revenue Service. The IRS says the changes must be entered on the Child Tax Credit Update Portal (CTC UP)...
by Demby Tax & Financial Services | Oct 30, 2021 | Tax Tips and News
While most of the nation’s attention is turned to fall colors and the Thanksgiving holidays, residents of some Mississippi counties still have all-too-vivid memories of meaner weather earlier in the summer. That’s when Hurricane Ida ravaged the state with high winds,...
by Demby Tax & Financial Services | Oct 29, 2021 | Tax Tips and News
The Internet is filled with cybersecurity threats that can jeopardize family finances. Just one of many scams, identity theft tax refund fraud (ITTRF) is big business for criminals, and it can cause big headaches for victims. The IRS, state departments of revenue, and...
