Tax season might be over, but the tax accountants at Borland Benefield are still on the job keeping an eye on changes that might affect your taxes. Here are a couple of points to remember regarding taxes on disability income and the new contribution amounts for Health...
Category: Tax Code
Are Your Social Security Benefits Taxable?
While the recent increases in Social Security benefits are welcome, they could mean more income taxes for recipients. Read our blog to see how this might affect you.
Unlock 8 Tax Breaks for Home Ownership
Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages. Here are eight reasons why it's better to be an owner, rather than a renter, from a...
Procedural Issues Every Exempt Organization Should Know About.
The IRS is currently inundated with procedural and technical obstacles that have caused processing delays. Here are some items of note that have been reported by exempt organizations and their service providers. Announcement 2001-33 Replaced. Nonprofits should be...
Good News: IRS Boosts Standard Mileage Rates for Second Half of 2022
The IRS recently announced an increase to the standard mileage rate for qualified business drivers.
Turning Negatives into Positives: Tips on Tax Loss Harvesting
The recent downturn in the stock market brings tax-loss harvesting into play. Read our latest blog to how to turn the negatives to your advantage.