Starting in January 2021, the IRS Identity Protection PIN Opt-In Program expanded to include all taxpayers who can properly verify their identity. Previously, IP PINs were only available to identity theft victims.
What is an Identity Protection PIN?
An identity protection personal identification n... Read More
Creditors keep their evaluation standards secret, making it difficult to know just how to improve your credit rating. Nonetheless, it is still important to understand the factors that determine creditworthiness. Periodically reviewing your credit report can also help you protect your credit rating f... Read More
As we close out the year and get ready for tax season, here's what individuals and families need to know about tax provisions for 2021.
Personal Exemptions
Personal exemptions are eliminated for tax years 2018 through 2025.
Standard Deductions
The standard deduction for married couples filin... Read More
Here's what business owners need to know about tax changes for 2021.
Standard Mileage Rates
The standard mileage rate in 2021 is 56 cents per business mile driven.
Health Care Tax Credit for Small Businesses
Small business employers who pay at least half the premiums for single health insura... Read More
Cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for 2022 are as follows:
401(k), 403(b), 457 plans, and Thrift Savings Plan. Contribution limits for employees who participate in 401(k), 403(b), most 457 plans, and the federal governmen... Read More