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Archive for September, 2017

  • 1. Virginia Announces New Tax Amnesty Program: Now through Nov. 14, 2017, Virginia is offering a tax amnesty program to people who have tax debts or unfiled returns. The program allows these taxpayers to remit the tax due with $0 in penalties and only pay half the interest owed. In a statement, Virginia Gov. Terry McAuliffe said, “This program provides

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  • 2. An Easy Guide to College Tax Deductions: Sending a child off to college is a joyous occasion for parents. Your little one is taking another major step towards adulthood, embarking on a journey to find where they want to fit into the world at large. But for many parents, the day a child goes off to school can also be full of stress. Why? Because college is expensive. And if you’re helping fund your child’s college experience, you have to be incredibly smart with your money. Between tuition, books, room and board, and much more, college is full of expenses. That’s why it’s im

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  • 3. Are Childcare Expenses Tax Deductible? What Working Parents Need to Know: Almost any parent will agree – childcare is expensive. But for working parents, childcare is a necessity. Somebody has to watch the kids while you spend the majority of the day at your job. That’s why it’s vital for working parents to understand what tax deductions are available to them if they pay for childcare. Working parents who pay for childcare may then qualify for the child and dependent care credit, which is designed to help working

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