The Brilliant Blog

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Tax

2021: the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers

Several tax benefits included in the American Rescue Plan Act will impact families with children and lower-income taxpayers during 2021:

Tax

Tax Deductions Related to Charity Auctions

What tax deductions are you entitled to when you donate to or purchase items from a charity auction? The answer...

Tax

IRS Unveils Online Tool to Register for Monthly Child Tax Credit Payments

A new online tool was created to allow eligible families provide basic information to the IRS.

Tax

Relocating? How to Do It with Taxes in Mind

If your considering relocating, there are several factors you should to include in your decision-making process:

Tax

Did You Get a Letter from the IRS? Don’t Panic.

If you have gotten a letter from the IRS do not panic. Here are some potential reasons why you got...

Tax

Day Care Providers Enjoy Special Tax Benefits

If you provide a family daycare business through the use of your home, you may be able to deduct some...

Tax

Tax Rules for Home Flippers

Would you consider flipping a house? Flipping properties appears to be gaining in popularity now that mortgage interest rates are...

Tax

Contemplating Refinancing Your Home Mortgage? Things You Should Consider

You may be thinking about refinancing your mortgage since mortgage rates are currently at historic lows. Here are a few...

Tax

IRS Extends COVID-19 Relief Leave Donations

In 2020, the emergency disaster declaration allowed employees to donate unused sick leave/PTO. The IRS extended the donations through 2021.