Kelsea Balde

State Tax Changes Effective January 1, 2022

Key Findings Twenty-one states and the District of Columbia had significant tax changes take effect on January 1, 2022 Five states (Arizona, Arkansas, Louisiana, North Carolina, and Oklahoma) cut individual income taxes effective January 1. The District of Columbia was the only jurisdiction to increase income taxes. Four states (Arkansas, Louisiana, Nebraska, and Oklahoma) saw …

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Own Crypto? Here’s How to Avoid Running Afoul of the IRS.

Investors in cryptocurrencies may be sitting on big profits. Bitcoin and Ethereum, the two largest cryptos, are up 100% and 470% this year, respectively. Solana, another major coin, is ahead 13,300%, while the “joke” token Dogecoin has gained 49,000%. While the profits may have enriched crypto owners, taxes may be coming due soon, and the …

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10 hechos que debe conocer sobre las ganancias y pérdidas de capital

Cuando vende un activo de capital, la venta da como resultado una ganancia o pérdida de capital. Un activo de capital incluye la mayoría de las propiedades que posee para uso personal o posee como inversión. Estos son 10 hechos que debe conocer sobre las ganancias y pérdidas de capital:  Activos de capital. Los activos de …

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The Giving Season- How to Give, and How to Keep my Tax Bill Down

With the giving and holiday season just around the corner, we wanted to offer some tax-saving benefits as you share your generosity. I don’t usually itemize; can I still deduct any of my contributions? YES! Beginning in 2020 from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the IRS allowed a $300 tax deduction …

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Save Money AND Hire New Employees-Work Opportunity Tax Credit

You read that right! Your business can earn up to a $9,600 tax credit for each new person you hire. How? The Work Opportunity Tax Credit (WOTC) is a federal tax credit that encourages employers to hire people facing barriers to employment. Qualifying individuals include some veterans​, individuals who have received government assistance through various …

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