Tag Archives: schwartz & schwartz cpas

8 Tax Savers for Parents

From IRS Tax Tips: Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year. 1. Dependents.  In most cases, you can claim your … Continue reading

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SS Tax101: Choosing the Right Filing Status

We’re happy to start a monthly “Tax 101” Series! We’ll feature basic topics of taxes and hopefully answer those questions that you maybe felt were “too silly to ask” a CPA in person.  And please let us know if there are … Continue reading

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Checklist to Cut 2013 Taxes

Take a peak at Andrew’s article for Oncology Practice Management. Lots of tips to cut your 2013 taxes and advice for 2014.

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Radio Interview: 8 Resolutions

Take a listen to Andrew’s interview with George Knight on Radio 92.9 Greater Media Boston – 8 Resolutions to Improve Your Personal Finances

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IRS DECREASES MILEAGE RATE FOR 2014

The IRS announced that the standard mileage rate will decrease to 56 cents per business mile driven in 2014.  That is a decrease of approximately 0.9% over the 56.5 cents allowed in 2013.  According to the IRS, “The standard mileage … Continue reading

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Deducting Un-reimbursed Professional Expenses

According to the IRS, to be deductible, an expenditure must be both “ordinary” and “necessary” in connection with your profession.  The IRS defines “ordinary” as common and accepted in a particular profession and “necessary” as helpful and appropriate for a … Continue reading

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Holiday Volunteer Day

We enjoyed our day at The Mission of Deeds very much! We helped sort furniture, holiday decorations, and household items that will be distributed directly to families in need.  We were also able to see some of the beds we … Continue reading

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Social Security Max increase to $117,000 for 2014

Each year, the government bumps up the maximum Social Security taxes that you can pay. For 2014, the maximum wage base jumps to $117,000, an increase of $3,300, or 2.8%, over the max of $113,700 that was in place for … Continue reading

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IRS Sheds Some Light on the Premium Tax Credit Enacted as Part of PPACA

[Editor’s Note] I started my career as a CPA specializing in taxes back in 1987, and right off the bat had to deal with the massive Tax Reform Act of 1986. Since that complicated set of tax rules was implemented … Continue reading

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