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WILL YOU BENEFIT FROM BIDEN’S STUDENT LOAN RELIEF?

Article Highlights: Relief Amounts Income Limitations Dependents of Another Pell Grant Recipients Repayment Pause Monthly Payment Reduction Cancellation of Debt Income On August 24, President Biden announced a three-part plan to deal with student loan debt which...

ELECTRIC VEHICLE CREDIT UNDERGOES MAJOR OVERHAUL

Article Highlights: Assembly Requirement August 15 Deadline Transition Rule The New Law Income Limit Manufacturer’s Suggested Retail Price Limitation New Vehicle Definition Transfer of Credit to the Dealer Credit for Used Vehicles With the recent passage of the...

HOME ENERGY IMPROVEMENT CREDIT IS ENHANCED

Article Highlights: Credit History New Law Enhancements Extensions Credit Limits Home Energy Audit Identification Number Requirement Other Credit Issues Going all the way back to 2006, except for 2008, the federal tax code has offered a tax credit for making...

MID-YEAR TAX PLANNING CHECKLIST

Article Highlights: Mid-Year Planning Avoiding Unpleasant Surprises Events That Have Tax Consequences All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce their tax liability or...

SOLAR TAX CREDIT GETS NEW LIFE

Article Highlights: Effective Years Credit Percentage Batteries Worth the Cost? Non-Refundable Credit Maximum Credit Qualifying Property Who Gets the Credit? When is the Credit Available? Multiple Installations Installation Costs Basis Adjustment Association or...