Simplifying Taxes Blog
What to Know about the 2021 Advance Child Tax Credit Payments
The American Rescue Plan, which President Biden passed in March, included updates to the Advance Child Tax Credit for 2021. We cover who’s eligible and key information to know.
5 Tips to Help You Find the Best Tax Prep in Madison, WI
This could be a stressful year for filing if you’re going at it alone. By working with a tax preparer in Madison, you can receive guidance and reassurance you are filing the proper way with a trusted and accessible professional.
Taxes 2021: What We Know Now, What Remains Uncertain
COVID played a large role in several tax changes in 2021, and, along with the new components, there are still things that remain uncertain into 2021.
Did You Hire a Nanny Because of COVID-19? Here are the Ins and Outs of Nanny Taxes
Because of COVID-19, many parents are electing to pay a nanny in their home but are unaware of what requirements there are on them from a tax standpoint.
Becoming a Snowbird in a State with No Income Tax
Many snowbirds seek warmer weather, while others want new adventures. For some snowbirds, it’s about the ability to live in a state without income tax. From a tax standpoint, moving to a new state may not be as seamless as it appears.
What to know about property taxes and standard deductions
Does it make sense to pay two years of property taxes in one calendar year to increase the likelihood of itemizing? The answer is a complicated one with many factors to consider.
Will My Small Business Get a Second PPP loan?
The first dispersal of business loans through the Paycheck Protection Program quickly evaporated. Now, as more relief comes down the line, here are the stipulations you should keep in mind if you’re a small business owner hoping to acquire a second loan.
Six things to know about Coronavirus stimulus bill 2.0
The coronavirus stimulus relief bill was signed into law on Dec. 28. Here are six things you should know about stimulus package 2.0 as it relates to taxes.
How will selling my property affect my taxes?
Different property transactions come with varying tax implications. We break down what you should know depending on your situation.
Is Now the Right Time to Consider a Roth Conversion?
“Bracket busting” is a strategy where we examine your current tax situation and determine how much of your tax bracket remains unused. We then look at the taxation of what a withdrawal from a traditional retirement account would mean for additional tax and analyze if it makes sense to convert this amount to a Roth.
Anna Lautenbach, CFP®, M.A. (Acct), M.A. (Mgmt), delivers the latest in news and knowledge to help with navigating the tax waters.