by Stapley Accounting | Mar 2, 2023 | Uncategorized
If you’re a parent, you may be confused about the rules for claiming the Child Tax Credit (CTC). The rules and credit amounts have changed significantly over the last six years. This tax break became more generous in 2018 than it was under prior law — and it became... by Stapley Accounting | Feb 23, 2023 | Uncategorized
The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make the best tax use of paper losses and actual losses from your stock market investments. Tax rates on sales Individuals... by Stapley Accounting | Feb 16, 2023 | Uncategorized
If you’re a parent or grandparent in Cache Valley with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of the tax-favored ways to save that may be available to you. Savings bonds Series... by Stapley Accounting | Feb 9, 2023 | Uncategorized
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law on December 29, 2022. ... by Stapley Accounting | Feb 2, 2023 | Uncategorized
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your... by Stapley Accounting | Jan 26, 2023 | Uncategorized
What Is a 529 Education Plan If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 education plans. These plans, named for the Internal Revenue Code section that...
