Donna L. Hughes PC

10/15/2024

https://www.kiplinger.com/retirement/iras/changes-coming-to-iras-next-year

Take some time and read about the changes to IRAs and 401(K)s in 2025. Contact your CPA or financial advisor with questions.

Changes coming to IRAs — Roth and traditional — and 401(k)s may mean more money for you in retirement.

11/01/2022

Heads up everyone. The IRS has released the 2023 cost-of-living adjustments for many retirement plans. These limit increases will begin January 1, 2023.

If you have any questions give us a call.

IRA regular contribution limit will increase to $6,500.

08/26/2022

We know you have many questions regarding federal student loan forgiveness. The information will be rolling out in the next couple of months. You can sign up here to receive information as it come available or give us a call.

Our mission is to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access.

05/17/2022

If you are a North Caroline business you may be eligible to receive the Business Recovery Grant.

Business Recovery Grant

01/26/2022

https://www.irs.gov/credits-deductions/child-tax-credit-update-portal

The IRS announced that some some Child Tax Credit letters where incorrect. You can use this site or ID.me to check if your amounts are correct. Also, review your bank statements and make sure the amount you received matches the letters the IRS sent you. This issue can delay your tax refund.

Check if you're enrolled, manage your payment information and unenroll from advance payments of the 2021 Child Tax Credit.

01/12/2022

Do you have an ID.me account?

Creating an ID.me account will allow you to retrieve your EIP3 letter, Advance Child Tax Credit letters, transcripts of past tax returns, and allow you to sign some IRS forms electronically. If you need help creating this account please contact us - we can help.

01/01/2022

12/23/2021

Watch your mail for 2 items from the IRS. A letter regarding your 3rd stimulus payment (Economic Impact Payment) and a letter regarding the Advanced Child Tax Credit you received. These letters are important when filing your 2021 tax return.

IR-2021-255, December 22, 2021 — The Internal Revenue Service announced today that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic Impact Payments at the end of January. Using this information when p...

11/01/2021

Identity theft is a huge concern. It can happen to every one of us and we'll never know until it's too late.

Identity Protection PIN (IP PIN) frequently asked questions.

10/15/2021

Have you decided to move jobs? There are some items you may want to look at.

This article offers tips for leaving your current job in a poised, professional, and polite manner.