Silver Lining Tax Svs, LC

12/08/2022

https://fox8.com/news/expect-smaller-refund-as-tax-credits-return-to-pre-covid-levels-irs/

As 2022 draws to an end, the Internal Revenue Service wants to remind taxpayers about some changes in the upcoming tax filing season that could affect their budget.

12/01/2022

TWO MINUTE TAX TIPS: WELCOME TO TWO MINUTE TAX TIPS, WHERE TWO MINUTES CAN SAVE YOU THOUSANDS!
”Is a tax break a refund?
A tax credit is not a refund; it is a credit on your income that reduces the taxable amount. However, a credit can result in a refund if when you've applied the credit, you've paid more than you owe.” Investopedia.com

11/30/2022

11/30/2022

Do you know your tax bracket? Will you have credits this year?
Tax Foundation's webpage answers these questions and more.
Take a look.

The IRS recently released the new inflation adjusted 2023 tax brackets and rates. Explore updated credits, deductions, and exemptions, including the standard deduction & personal exemption, Alternative Minimum Tax (AMT), Earned Income Tax Credit (EITC), Child Tax Credit (CTC), capital gains brackets...

07/24/2022

As of yesterday, Silver Lining Tax Svs, LC is an Advanced Certified ProAdvisor for QuickBooks Online. Let us help you make the most of your books! Schedule a free consultation appointment today.

05/17/2022

Summertime is a time to look at activities that affect your taxes—working a summer job? Sending kids to day camp? Hiring summer help? Here's a quick read on these activities and more. Take a peek! Let us know if we can help.

Tax Tip 2022-76: School is out for the summer, but tax planning is year-round Internal Revenue Service (IRS) sent this bulletin at 05/17/2022 08:17 AM EDT IRS Tax Tips May 17, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance...