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Here are some more helpful updates from the STERLING FINANCIAL TEAM on some Tax Extensions for 2014. It’s always smart to check your list twice……….. Mileage rates for 2015: 57.5 cents for business use, 23 cents for medical/moving, and 14 cents for charity. Tax Extenders for 2014 include, but are not limited to the [...]
TAX CREDIT FOR ADOPTIVE PARENTS! THE GOVERNMENT WANTS TO HELP COVER THE COSTS! If you adopted a child in 2011, you could be eligible for up to $13,360 to cover the costs! The Federal Affordable Care Act’s Adoption Tax Credit has recently been expanded to help adoptive parents cover the costs of adopting a child. [...]
PAYROLL TAX CUT EXTENDED! Well at least for now… The US Congress just recently passed a two-month extension of the payroll tax cut on the employee side starting at the first of the year. This cut lowered the employee portion of the payroll tax from 6.2% down to 4.2%. The temporary extension was passed [...]
VETERANS – LISTEN UP! BUSINESSES WANT YOU! On November 21, 2011, a new law was enacted that creates employment incentives designed to get unemployed veterans back to work after their service. This should create a much smoother transition for vets to getting back into the workplace and give the businesses that hire them an incentive [...]
Inflation = Increased Tax Benefits? Yes for 2012! Today’s economy sometimes makes us feel like the flower in the picture, which leaves us asking is there any benefit from the situation. Well I do have good news amongst all the bull (referring to the picture of course). Uncle Sam is increasing various tax breaks [...]
Sterling Financial Services, LLC does not employ Certified Financial Planners and does not offer financial planning advice, other than how it relates to individual tax situations.
IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.