Governor Lamont Announces Connecticut Income Tax Rates Go Down, Earned Income Tax Credits Go Up, Senior Pension Exemptions Expand at the Start of 2024.
Calendar year 2024 changes that will affect your 2025 tax filing
Important 2024 tax filing dates
2023-2024 Tax Brackets and Federal Income Tax Rates
7 Tax To-Dos Before End-of-Year
20 Popular Tax Deductions and Tax Breaks for 2023-2024
Solar Tax Credit: What It Is and How It Works In 2024
7 Reasons the IRS Will Audit You
An IRS audit is an examination or review of your information and accounts to ensure you're reporting things correctly, following the tax laws, and that your reported tax amount is correct. In other words, the IRS is simply double-checking your numbers to make sure you don’t have any discrepancies in your return.
Credits for new clean vehicles purchased in 2023 or after
Important New Reporting Requirement for U.S. Businesses
New for tax year 2023
What is reasonable compensation for an S corporation?
What type of entity should I set up for my business?
CT Paid Leave FAQ
IRS provides tax inflation adjustments for tax year 2022
Important 2023 tax dates
Tax Tips for Crypto Investors
IRS backlog hits nearly 24 million returns
What is the Solar Investment Tax Credit?
In 2022, the solar investment tax credit, or ITC, offers a federal tax credit of 26% when you install solar panels on your property. The ITC has many names. When doing your research, you may see mentions of the federal solar tax credit, IRS solar tax credit, solar tax credit, solar ITC, or the investment tax credit. These terms are all referring to the same thing.
Healthcare
When it comes to health insurance, employers have a lot of options. Often, the biggest deciding factor on which route to go comes down to price for both employers and employees. Most small business owners understand the value of offering health insurance to their employees, but sometimes the rising costs make it difficult for employees to take advantage of the offer. To help employees, some employers wonder if they can pay some of the costs. There are several reimbursement options for employers; the key is understanding the correct ways to go about it.