by briesterer@thinkvisionary.com | Mar 7, 2022 | Newsletter, Tax
[vc_row][vc_column][vc_column_text]The IRS recently shared it receives thousands of R&D claims for credits in the hundreds of millions of dollars from corporations, businesses, and individual taxpayers. Claims for the research credit under Section 41 of the Tax...
by briesterer@thinkvisionary.com | Mar 7, 2022 | Newsletter, Tax
[vc_row][vc_column][vc_column_text]While there is incredible uncertainty as we move through 2022, there are a couple of major events tax teams should be tracking, as their outcomes could make a big difference for the 2022 tax landscape and well beyond. Businesses will...
by briesterer@thinkvisionary.com | Mar 3, 2022 | Individuals, Newsletter
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 amount is $500 for each dependent who meets certain conditions. These include:...
by briesterer@thinkvisionary.com | Mar 3, 2022 | Individuals, Newsletter
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 your Social Security benefits only if you have...
by briesterer@thinkvisionary.com | Mar 2, 2022 | Individuals, Newsletter
[vc_row][vc_column][vc_column_text]Many taxpayers opt for the standard deduction, but sometimes itemizing your deductions is the better choice – often resulting in a lower tax bill. Whether you bought a house, refinanced your current home, or had extensive...
by briesterer@thinkvisionary.com | Mar 1, 2022 | Individuals, Newsletter
[vc_row][vc_column][vc_column_text]While not all mistakes on tax returns cause delays in refunds, as the April 18 deadline approaches, taxpayers are advised to steer clear of the common tax return errors listed below to ensure a timely refund. Not Using Electronic...
