As we begin the 2025 tax season, TAN Financial Services is excited to partner with you once again to ensure a smooth, accurate, and maximized filing experience. Several important tax law updates take effect for the 2025 tax year, and many of them offer meaningful opportunities for savings. Our team is here to help you…
As another year has end, we are here to assist you navigate an ever changing financial and tax landscape.
This now two-year long pandemic has brought challenges and disruptions that may have significantly affected your personal and financial situations – COVID-19, economic relief measures, new tax laws and political shifts. We look forward to discussing your tax situation so we can develop a customized plan that works to maximize your benefit…
Recently, there were changes made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit: amount has increased for certain taxpayers, Is fully refundable and may be partially received in monthly payments…
We hope you and your family are well! This past year brought challenges and disruptions that may have significantly impacted your personal and financial situations – COVID-19, economic relief measures, new tax laws and political shifts. We are here to help you take a fresh look at the health of your tax and accounting well-being….
As the coronavirus (COVID-19) continues to affect local communities and global economies, our firm remains committed to serving your tax and financial planning needs. As part of this commitment, we want to make you aware of key tax provisions impacting individuals contained in the year-end coronavirus relief legislation, known as the Consolidated Appropriations Act, 2021…
April 15th is just around the corner. Before the rush begins it is helpful to start preparing now. Thankfully the IRS has compiled a list of actions you can start today so that you are well prepared. Visit www.irs.gov to help in planning for the upcoming tax season.
It is time to start planning for the upcoming 2020 Tax filing season. This year there are a number new credits to claim and deductions to take. These are important to understand as they can affect the size of your refund or payment. Take a look at some of the new claims and deductions: For…
To claim a child as a dependent the child must either be: In addition to qualify as a dependent the child would have to pass the following tests: The qualifying tests and more information can be found at www.irs.gov.
To Our Valued Clients, As the coronavirus (COVID-19) continues to affect local communities and global economies, you may have concerns about your financial well-being. Or you may be wondering about how recently passed legislation impacts you. We’re providing a high-level summary of some of the key provisions impacting individuals and recommend discussing your particular circumstances…
