- Increased Tax Credits for Home Builders
- As part of the Inflation Reduction Act, passed in August 2022, modifying Internal Revenue Code Sec. 45L, contractors will benefit from the increased tax credit for building Energy Efficient New Homes effective January 1, 2023. In addition, this credit that had previously expired after 2021, has been extended through 2032.
- Health Savings Accounts Fill Multiple Tax Needs
- The Health Savings Account (HSA) is one of the most misunderstood and underused benefits in the Internal Revenue Code. Congress created HSAs as a way for individuals with high-deductible health plans (HDHPs) to save for medical expenses that are not covered by insurance due to the high-deductible provisions of their insurance coverage.
- Video Tips: Tax Deductions for First-Time Homeowners
- Watch this video to see which home expenses can and cannot be deducted from your tax return.
- Bunching Your Deductions Can Provide Big Tax Benefits
- If your tax deductions normally fall short of itemizing your deductions or even if you are able to itemize, but only marginally, you may benefit from using the “bunching” strategy.
- Have You Explored QuickBooks' Insights and Snapshots Pages?
- QuickBooks is good at finding information quickly. The software’s Insights and Snapshots pages can provide fast, thorough overviews of your finances.
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