August Client Bulletin
August’s newsletter includes a review of five ways to take advantage of IRA accounts to reduce your tax burden, how to improve your credit score, and much more.
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New York Pass Through Entity Tax Update & How to Actually Make the Election
New York state has finally answered our questions regarding the new Pass Through Entity Tax (i.e. the SALT workaround), which can help you decrease your tax bill. The election to opt in to this new tax must be made by October 15th, 2021. This article will walk you through exactly how to make the election on the NYS website.
For the Love of a Child (and Dependent Care Tax Credit)
Read about the American Rescue Plan Act of 2021 and its updates to the the Child and Dependent Care Credit in our latest blog post.