by Riedel-Hogan CPA Staff | Feb 8, 2023 | Individual Tax
According to the IRS, the average tax refund is $2,725. That’s a significant chunk of change, and it generally arrives within 21 days of filing your return. But what if you need that money sooner? Here are a few tips for getting your refund back quickly. File...
by Anne Marie Hogan | Dec 29, 2022 | Individual Tax
The Energy Efficient Home Improvement Credit now also covers biomass stove and boilers, electrical panels, and home energy audits. The nonbusiness energy credits have been extended to 2032 with removal of lifetime credit limits to an annual credit limit. The credit is...
by Anne Marie Hogan | Jan 3, 2022 | Individual Tax
The season is on us again to file our tax returns and it is important to be prepared for the deadlines. Note that the IRS can extend the deadlines in the cause of events that effect ability to file (i.e. natural disaster, a pandemic, etc.). While we experienced a...
by Riedel-Hogan CPA Staff | Dec 27, 2021 | Individual Tax
The Advanced Child Tax Credit will require reconciliation on the 2021 tax return. The 2021 tax return should be filed prior to April 18, 2022. The IRS will be sending out letter 6419 to all recipients of the Advanced Child Tax Credit to provide the total of funds...
by Riedel-Hogan CPA Staff | Sep 22, 2021 | Individual Tax
In this article, we’ll break down what a tax deduction is, what a tax credit is, and how to tell the difference. Choosing one or the other can be tricky, but the professionals here at Riedel-Hogan are ready to help you make the most financially beneficial decision....
by Riedel-Hogan CPA Staff | Aug 18, 2021 | Individual Tax
The government gets millions of dollars each year from tax-payers who don’t get the refund that they deserve. Opting to do your own taxes can place you at greater risk of missing out on these valuable deductions. Here are the most commonly overlooked tax deductions:...
