Income Tax, Tax Credits
GBE Clients, To keep you informed of the recent tax changes we will now focus federal income tax changes in place specifically for this current tax year. No Tax on Overtime New deduction:Individuals who receive qualified overtime compensation may deduct the pay that...
Tax Credits
Valued GBE Clients, IRS letters will arrive The IRS announced it has started sending letters to more than 36 million American families who may be eligible for the expanded child tax credit and monthly payments set to begin in July. Income limitations Phaseout of the...
Tax Credits
Last tax year (2014), the federal government extended certain residential energy tax credits. They have not yet extended these credits for 2015, but we believe there is a chance Congress may do so. Thus, we’ve included some educational material to prepare you for...
