Jamie T Jackson CPA

12/04/2024

Picking up a seasonal job is a great way to make some extra cash this holiday season. When you're working more than one job, it's a smart idea to check your withholding to make sure you don't end up with a surprise bill at tax time. Our website has a great tool to help.

Check out the Tax Withholding Estimator at www.irs.gov/withholding.

11/16/2023

IRS Issues updates to retirement account limits for 2024.

announces 401(k) limit increases to $23,000 for 2024.

Learn more about this and the rise of other pension limits at: https://ow.ly/Lr9n50Q3gpu

08/23/2023

There are tricks to maximizing the college tax credits, even if most is paid by grants. Make sure to discuss these costs and maximize the credits.

Furthering your education can be expensive. wants students to know about all the tax credits and deductions available to help you cover your education costs. Online tools will help you figure out if you’re eligible.

Get started at www.irs.gov/education

08/03/2023

Remember tax notices need to be opened and reviewed promptly. Call us and get us a copy of any notices to avoid issues.

If you receive a letter or notice from the , make sure to read the letter carefully and take any requested action. Remember, first contact from the IRS usually comes in the mail. Watch out for scammers requesting payment over social media or text message.

Learn more: https://ow.ly/uHVJ50PbW5m

08/03/2023

IRS Information on Child Tax Credits, Adoption Credit and Childcare tax credits.

Kids are expensive. If you’re a new parent, the offers tax breaks that can help. Whether you just brought a bundle of joy home from the hospital, adopted a teen from foster care or are raising your grandchild, this can help.

Learn more: https://ow.ly/R62j50PjCPw

07/12/2023

Good tips for tax record keeping.

Tax planning doesn’t stop once you file your return. The encourages you to take simple steps such as maintaining an organizational system for tax records or important documents to make future tax preparation easier.

Check out https://ow.ly/jTQF50P1H2A for more year-round tax planning pointers.

05/23/2023

Keep track of your college expenses and even if you receive scholarships you can qualify for Education Tax Credits.

Education tax credits can help you manage the cost of going to a trade school, technical institute or college.

Learn more about the tax benefits of pursing higher education at www.irs.gov/education.

05/23/2023

Additional expenses that can qualify for Dependent tax credit.

School’s almost out for summer. If you plan to send your child to a day camp or another childcare arrangement while you work, look for work or attend school, you may qualify for an tax credit.

See if you qualify for the Child and Dependent Care Credit: www.irs.gov/dependentcare

05/04/2023

IRS insight for small businesses that can be considered "hobbies" and how to avoid this classification.

Many hobbies can also be a source of income. The has info to consider when determining whether your activity is a business or a hobby.

Learn more: http://ow.ly/izpL50OcTVv

05/01/2023

Here is a link to IRS help on your withholdings from payroll checks. Also, remember if you call & send me mid-year paystubs we will project your withholding to make sure you are on track!

The Tax Withholding Estimator gives you the peace of mind of knowing you won’t be facing an unexpected tax bill come tax time. This tool allows you to ensure whether you have enough tax withheld from each paycheck and can let you adjust your tax withholding up front, so you receive a bigger paycheck and smaller tax refund.

Learn more about this IRS tool: www.irs.gov/withholding.

05/01/2023

Small business tax tips.

It’s and the is highlighting tax benefits and resources to help you start and operate your business.

Learn more: www.irs.gov/smallbizweek

03/09/2023

You can still make IRA contributions to reduce your 2022 taxes. You can also make HSA contributions to reduce taxes if you did not contribute the maximum amount and spent more than you put in (you get it back immediately and save tax $$$$). Call if any of these apply or you have any questions.

An reminder that low- and moderate-income workers still have time to make retirement contributions and get the Saver’s Credit on their 2022 tax return. Workers have until April 18, 2023, the IRS filing due date, to set up a new Individual Retirement Arrangement (IRA) or make contributions towards an existing account. Visit http://ow.ly/MPly50Ma4ub to see if you qualify for the Saver’s Credit.