Tax

The Internal Revenue Service (IRS) has recently made significant changes to the tax rules concerning inheritances, potentially affecting how Americans transfer assets to their children. These changes,…

With millions of tax refunds going out each week, the Internal Revenue Service shared that recent improvements to Where’s My Refund? on IRS.gov remains the best way to check the status of a refund. The…

Last year, the Child and Dependent Care Enhancement Tax Credit delivered critical relief to roughly 210,000 families in Pennsylvania. Research has shown that a similar tax credit on the federal level…

Non-profits, such as charitable and volunteer organizations, can now apply for and renew a Pennsylvania sales tax exemption. The Department of Revenue launched this online application on myPATH in late…

Philadelphia has updated its guidelines for non-resident Wage Tax refunds which apply to tax years 2023 and beyond. The Wage Tax applies to all earnings made in Philadelphia, including salaries, wages…

On January 19, 2024, the House Ways and Means Committee overwhelmingly approved the Tax Relief for American Families and Workers Act of 2024 by a 40-3 vote. The bill provides for increases in the child…

The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until January 16th to make their payment for the 4th quarter of tax year 2023 without penalty. Who needs to make a…

The Internal Revenue Service launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error. The special disclosure program…

The Internal Revenue Service announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes. New for 2024 The tax year…

As we wrap up 2023, it’s important to take a closer look at your tax and financial plans and discuss steps to reduce taxes and help you save for your future. With the current political climate, there…