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As we begin the new year, we wanted to give you important information that may help you with your taxes. Listed below are topics to consider for 2024: Withholding Enough Federal Taxes If you were married or divorced last year and if you added any children to your household, this may affect your federal taxes. […]

As we move into the new year – ready or note – it’s time to gear up for tax season. To help, we thought we would pass along some important information to make the process smooth and easy! Before we can file your 2023 return, we will need the following documents: (keep a look out […]

The information below is pertinent to our clients who are existing business owners. Please take a moment to read all the information. 2024 Department of Treasury News: There is a new federal Beneficial Ownership Information (BOI) Reporting Rule from the Financial Crimes Enforcement Network (FinCEN) beginning 1/1/2024 for most corporations, limited liability companies, and limited […]

Buying a New Car Soon?  Considering an Electric Vehicle? Up to $7,500 may be available in tax credits for electric vehicles that meet IRS requirements.  There are also IRS requirements that your modified adjusted gross income must not exceed $300,000 if married filing jointly, $225,000 for head of household filers, and $150,000 for all other […]

As the beginning of a new school year approaches, we’ve been getting a lot of questions from parents with kids who are heading off to college. In case you’re also in this boat, we’ve put together some information about the tax changes you can expect next year: Can I still claim my college student as […]

At Lowe & Associates, we thought we should check in and offer some insights on how common summer activities can have implications for your taxes. Here are a few things to keep in mind: Vacation expenses: If you’re planning a vacation, it’s important to know which expenses may be deductible. While personal vacations generally aren’t […]