Tax Credits - Isler Northwest, LLC

Essential Tax Credits Every Parent Should Know About

2024 Taxes, Tax Credits, Tax Planning

Article Highlights: Social Security Number Child Tax Credit Child and Dependent Care Credit Adoption Tax Credit Earned Income Tax Credit Credit for Other Dependents American Opportunity Tax Credit Lifetime Learning…

Unlocking Cash Flow from Tax Credits: A Hidden Advantage for Small Businesses

Small Business, Tax Credits

If you’re the driving force behind a small or medium-sized business, you know that cash flow is the lifeline of your operations. Yet, in the daily whirlwind, an incredible opportunity often gets overlooked—tax credits. These aren’t just…

Making Home Improvements? You May Qualify for a Substantial Tax Credit

Home Ownership, Tax Credits

Article Highlights Credit Percentage Specific Qualified Items and Per Item Annual Limits Components Subject To $1,200 Aggregate Credit Limit Components Subject To $2,000 Aggregate Credit Limit Annual Credit Limits, $1,200 vs.…

Breaking News: The IRS Has Just Updated Their Position Related to Denying or Paying Employee Retention Credit (ERC) Claims

Finance, Finance Tips, Small Business, Tax Credits

Article Highlights: IRS's Current Position on ERC Claims High-Risk Claims Medium-Risk Claims Low-Risk Claims Availability of a Voluntary Withdrawal Program Businesses with Unprocessed Claims Businesses with Uncashed Refund…

Reminder: Claims For Recovery Rebate Credit About to Expire

2024 Due Dates, COVID-19, Tax Credits

Article Highlights: COVID 2020 Economic Impact Payments Recovery Rebate Credit Credit Refund Is About to Expire $1,200 for Single Taxpayer and $2,400 for Married Couples plus $500 for Dependents. How To Claim the Credit if Not…

Tax Benefits Available for Disabled Taxpayers

Tax Credits, Tax Planning, Tax Tips

Article Highlights: Increased Standard Deduction Tax-Exempt Income Impairment-Related Work Expenses Financially Disabled Earned Income Tax Credit Child or Dependent Care Credit Special Medical Deductions Qualified…

Is It Better to Have a Tax Credit or a Deduction?

Deductions, Tax Credits, Tax Refund, Tax Tips, Taxes

Article Highlights: Itemized Deductions Above-the-Line Deductions Business Deductions Asset-Sale Deductions Refundable Credits Nonrefundable Credits Carryover Credits Business Tax Credits Tax Deductions – In one…

Major Tax Sunset on the Horizon

Tax Credits, Tax News, Tax Planning, Tax Tips, Taxes

Article Highlights: Estate and Gift Tax Personal Exemptions Standard Deductions Home Mortgage Interest Deduction Limitation on Tax Deductions (SALT) Suspension of Tier 2 Miscellaneous Itemized Deductions Suspension of…

Tax Breaks for Grandparents

Tax Credits, Tax Tips

Article Highlights: Head of household filing status Earned income tax credit Child tax credit Child care credit for certain working grandparents Grandchild’s education credits Medical and dental expenses More and more…

Home Energy Improvement Credit Is Enhanced

Deductions, Environment, Finance Tips, Tax Credits

Article Highlights: Credit History Credit Percentage and Annual Credit Limit Per Item Credit Limit Home Energy Audit Identification Number Requirement Other Credit Issues Tip To Maximize The Credit This credit goes…