Monthly Tax Tip December 2024 – Common Holiday Scams
Taxpayers should watch out for gift card scams especially during the holiday season. The IRS never asks for or accepts gift cards as payment for a tax bill. Common holiday scams Scammers may try to trick taxpayers into falling for the gift card scam. With this scam, criminals may impersonate government or collections officials and send official-looking […]
CTCPA Day of Giving 2024!
Nicola | Yester is participating in the CT CPA Day of Giving this year on Tuesday, December 3, 2024 from 8:00-9:30 a.m. Please note that due to the current critical need for food donations in our area the CTCPA Day of Giving is collecting for Connecticut Foodshare ONLY. Please bring your food donations to the […]
Monthly Tax Tip – October 2024 – 401(k) Limit Increases to $23,000 for 2025
401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The IRS today also issued technical guidance regarding all cost‑of‑living adjustments affecting dollar limitations for […]
Tax Tip of the Month – September 2024: October 15th Deadline
The Oct. 15 extension deadline to file taxes is fast approaching. Most taxpayers who requested an extension of time to file their 2023 tax return must file by Tuesday, Oct. 15, to avoid the penalty for filing late. The IRS urges people to file electronically. Remember that an extension to file was not an […]
Monthly Tax Tip – August 2024: Energy Efficient Home Improvements Could Help People Reduce Energy and Taxes
Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may qualify for home energy tax credits. Who can claim the credits Taxpayers making improvements to their principal or, in some cases, secondary residence may be eligible for these credits. In some cases, renters may also be […]
Lacrosse News
The Kicking Mules Green Division Champions of the Glastonbury Lacrosse tournament July 2024! Congratulations everyone!
Monthly Tax Tip – July 2024 – Energy Efficient Home Improvements
Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may qualify for home energy tax credits. Who can claim the credits Taxpayers making improvements to their principal or, in some cases, secondary residence may be eligible for these credits. In some cases, renters may also be […]
Tax Tip of the Month June 2024 – Summer Activities
Summer activities that could affect people’s tax returns next year While summer is a time for fun, it’s never the wrong time to be thinking about taxes – and some of those summer activities could have an impact. Here are a few summertime activities and tips on how taxpayers should consider them for filing season. […]
Monthly Tax Tip – May 2024 Small Businesses – Finding Resources
Small businesses: Find tax resources and tools on IRS.gov During National Small Business Week, the IRS reminds taxpayers that IRS.gov has resources and tools to help small businesses understand and meet their tax responsibilities. Bookmark these webpages Small Business and Self-Employed Tax Center: Resources for small businesses with assets under $10 million and for taxpayers who file […]