Claiming my charity donations, medical bills, or mortgage interest? Taxpayers who take the standard deduction can claim a deduction of up to $300 for cash contributions to qualifying charities made in 2021. Married couples filing jointly can claim up to $600. For the 2021 tax year, the standard deduction for single taxpayers and married people filing separately…
DetailsJanuary is the best time to start planning your tax season. Fund your retirement accounts, check your withholdings, and get your recordkeeping in order are three things you can do to plan for taxes this year.
DetailsIf you missed the tax extension deadline, don’t worry. There’s still time to file your taxes and Meadville Tax Service is here to help you take action.
DetailsProper bookkeeping gives companies a reliable measure of their performance. By keeping accurate records, your business can get a snapshot of its health in the form of financial statements such as income statements, balance sheets, cash flow statements and more. Enter bookkeeper! Contracting a professional to assist you with your bookkeeping and accounting will ensure that you are getting the most…
DetailsIf you run your own business, you know how taxing bookkeeping and accounting tasks can be. If it’s a responsibility you’re ready to get off your plate, we have some considerations to share while selecting a bookkeeping service. Your bookkeeper must be aware of the business operations, goals and issues to do their job correctly;…
DetailsAre you sure you got your maximum refund last year? Did you owe more than you expected? What about the last 3 years? Maybe you didn’t claim all the credits or deductions you deserve on a past-year tax return – and that can mean missing out on money you could put toward bills, start saving,…
DetailsEveryone makes mistakes. Learn the most common mistakes when filing for income taxes.
DetailsAccording to the IRS, taxpayers should file their tax return by the deadline even if they cannot pay the full amount due. If an individual taxpayer owes taxes, but cannot pay in full by the May 17, 2021 deadline, they should file their tax return or request an extension of time to file by the…
DetailsTaxpayers should double-check to make sure they have all their documents before filing a tax return. Taxpayers who haven’t received a W-2 or Form 1099 should contact the employer, payer or issuing agency and request the missing documents. This also applies for those who received an incorrect W-2 or Form 1099. If they can’t get…
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