The COVID-19 relief law: What’s in it for you?

The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you. Here are some of the highlights of the Consolidated Appropriations Act, which also contains two other laws: the COVID-related Tax Relief Act (COVIDTRA) and the Taxpayer Certainty and Disaster Tax Relief Act (TCDTR). Direct […]

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Can you qualify for a medical expense tax deduction?

You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, the rules make it hard for many people to qualify. But with proper planning, you may be able to time discretionary medical expenses to your advantage for tax purposes. Itemizers must meet a threshold For […]

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Obamacare and your Tax Return

The new health care law often referred to as Obamacare or the ACA could have a dramatic effect on your tax return.  As an example the link at the bottom of this article illustrates the many different impacts your health insurance situation could have on filing your return.  Not only could these new laws affect […]

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COVID-19 Relief and Resources for Taxpayers and Small Businesses Learn more