by Jeanine Hemingway CPA | Apr 17, 2023 | Education, Lifestyle, Tax Blog, Tax Planning
If you are a parent saving for college tuition or going back to school to earn another degree, you know that college tuition has skyrocketed over the last few decades. State funding cuts, expanding administrative staffs, and increased construction and facility costs... by Jeanine Hemingway CPA | Feb 7, 2023 | Business, Business Tax Breaks, Lifestyle, Tax Blog, Tax Planning
With the recent passage of the Inflation Reduction Act of 2022, the electric vehicle credit has undergone some major changes. Although most of the changes take effect in this year, to qualify for the current credit, vehicles purchased after August 15, 2022, are... by Jeanine Hemingway CPA | Jun 7, 2022 | Business, Lifestyle, Tax Blog
Are you familiar with the First-Time Homebuyer Tax Credit? This tax credit, (as of June 2022) is still a bill and has not yet been passed into law. The bill was introduced by lawmakers in 2021 as an IRS tax code, that if it passes, will grant first-time... by Jeanine Hemingway CPA | May 11, 2022 | Education, Lifestyle, Tax Blog
August 2, 2017 – Own a vacation home? Considering buying one/ Wouldn’t it be nice if you can get a tax deduction for your vacation home? But before you list with one of the popular online rental companies, make sure you know the rules. If you’re not careful,... by Jeanine Hemingway CPA | May 10, 2022 | Education, Lifestyle, Tax Blog
You can breathe a sigh of relief now that Tax Day is behind us. Most taxpayers hardly look forward to tax season. An estimated 52% of U.S. adults find the tax-filing process stressful, according to a recent TaxSlayer survey. But most of that sentiment boils down to... by Jeanine Hemingway CPA | Mar 25, 2022 | Education, Lifestyle, Tax Blog
“I still have a 401(k) from my last job. What should I do with that money?” This is a question that has come up recently with a few of our clients who are transitioning to a new job with a new employer who does not offer a 401(k) or for some who are following their...