M & A Tax, Accounting and Notary Services

01/23/2025

The IRS announced that if you’re claiming Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) in your 2024 taxes, you’re not expected to receive your refund until March 3, 2025.
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However, we offer refund advances so you don’t have to wait until March. Call and schedule your appointment today 412-918-1827 with our tax experts.

01/23/2024

Tax Facts 2023:

Child Tax Credit (partially refundable)
If you have a child, you may be eligible for the Child Tax Credit. For 2023, the credit is up to $2,000 per qualifying child. To qualify, a child must:

Have a Social Security number
Be under age 17 at the end of 2023
Be claimed as a dependent on your tax return
A portion of the Child Tax Credit is refundable for 2023. This portion is called the Additional Child Tax Credit (ACTC). For 2023, up to $1,600 per child may be refundable.

If you expect to get a refund it will not be release until mid February. Call the tax professionals with over 20 years of experience and see if you qualify for a refund advance up to $1,000 dollars no fee 0% APR. 36% APR for loans between 1250-6000.

412-918-1827

01/17/2024

HARRISBURG (KDKA) -- Hundreds of thousands of older adults and those with disabilities are now able to apply for rebates of up to $1,000.

Pennsylvania's Property Tax/Rent Rebate program is now open, Gov. Josh Shapiro announced on Tuesday. The maximum standard rebate is now $1,000, up from $650 after Shapiro signed bipartisan legislature into law last year.

The income limits have been increased for the first time since 2006 to $45,000, making nearly 175,000 more Pennsylvanians eligible for the program.

01/17/2024

TAX FACT:

The IRS cannot issue refunds for people claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February. The law requires the IRS to hold the entire refund – not just the portion associated with the EITC or ACTC. The IRS expects most EITC and ACTC related refunds to be available in taxpayer bank accounts or on debit cards by Feb. 27, 2024, if the taxpayer chose direct deposit and there are no other issues with the tax return.

01/10/2024

Ridesharing Drivers and Taxes:
Ridesharing drivers are usually considered to be independent contractors, not employees. This means more tax requirements but it can result in more tax breaks, too.
Drivers must pay the self-employment tax if they're independent contractors: the full Social Security and Medicare taxes that they would otherwise share with their employers.
Ridesharing drivers must remit quarterly estimated tax payments over the course of the year because no employer is withholding and remitting taxes from their earnings.
Drivers can claim tax deductions for work-related mileage and for other business expenses they incur.
Call the tax professionals with over 20 years of experience to avoid filing your taxes incorrectly as a ride share driver. 412-918-1827

01/10/2024

IRS announces when it will begin accepting and processing 2023 tax returns. The agency said it expects more than 128.7 million individual tax returns this year. The IRS announced it will officially begin accepting 2023 tax returns on Monday, Jan. 29.

12/24/2023

Merry Christmas From our team at M&A.

11/14/2023

Bring your kids up to age 13 for our annual toy giveaway on Saturday December 16, 2023 from 1pm-3pm. Free HotDogs, chips and drinks.
Sponsored by Fishing Rod Foundation, M&A Tax, Accounting and Notary Services and Observatory Hill Deli. To make New toy donations drop off at Observatory Hill Deli Tuesday thru Saturday between 11am-5pm thru December 10th. Monetary donations can be made at https://fishingrodfoundation.org/ click on more dropdown and then donations. Thanks in advance for supporting Fishing Rod Foundation’s Toy Drive/Giveaway 2023

03/31/2023

Can you still file taxes after April 18?

Taxpayers have until April 18 to file their taxes this year, but some taxpayers living overseas and disaster victims may have later filing deadlines. Alabama, California and Georgia storm victims now have until May 15 to file various federal individual and business tax returns and make tax payments. If you or not prepared to file by the due date you can file for an extension. Call the tax professionals with over 20 years of business and individual tax preparation services at 412-918-1827.

02/12/2023

Ridesharing Drivers and Taxes:

Ridesharing drivers are usually considered to be independent contractors, not employees. This means more tax requirements but it can result in more tax breaks, too.

Drivers must pay the self-employment tax if they're independent contractors: the full Social Security and Medicare taxes that they would otherwise share with their employers.

Ridesharing drivers must remit quarterly estimated tax payments over the course of the year because no employer is withholding and remitting taxes from their earnings.

Drivers can claim tax deductions for work-related mileage and for other business expenses they incur.

Call the tax professionals with over 20 years of experience to avoid filing your taxes incorrectly as a ride share driver. 412-918-1827

M&A Tax and Accounting Services provides quality tax preparation for individuals, small businesses a