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    • Privately Held Companies
    • Non-Profit Organizations
    • Government Agencies
    • Government Contractors
    • Healthcare
    • Individuals
    • Manufacturing & Distribution
    • Architects, Construction & Engineering
  • Lifecycle
    • Exit & Succession
    • GAP Management
  • Services
    • Assurance & Reporting
    • Customized Accounting Solutions
    • Payroll
    • Income Tax Strategies & Returns
    • Sales Tax Reporting & Audits
    • Employee Benefit Plans & ESOPs
    • Fraud & Internal Controls
    • Valuations
    • Exit & Family Succession
    • Advisory Support
    • Abila™ Nonprofit Solutions
  • Careers
    • Open Positions
  • Resources
    • Brochures
    • Client Portal
    • Secure Send
    • Newsletter
    • Record Retention
    • Tax Organizer
    • Videos
  • Contact Us

Daily Archives: March 3, 2022

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What Is the Credit for Other Dependents?

Individuals, NewsletterBy Wessel & CompanyMarch 3, 2022

The credit for other dependents is a tax credit available to taxpayers for each of their qualifying dependents who can’t be claimed for the child tax credit. The maximum credit…

Reminder: Social Security Benefits May Be Taxable

Individuals, NewsletterBy Wessel & CompanyMarch 3, 2022

Social Security benefits include monthly retirement, survivor, and disability benefits; they do not include Supplemental Security Income (SSI) payments, which are not taxable. Generally, you pay federal income taxes on…

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