Neeka Corporation

01/08/2022

Here is a fun fact for your Saturday from Neeka Corporation.

01/07/2022

End of week tax fact from Neeka Corporation

01/06/2022

Since the IRS only estimated the amount of the advance child tax credit payments made from July through December, some taxpayers may have received too much and others not enough. Thus, the advance child tax credit, as well as the economic impact payments, received in 2021 must be reconciled on the 2021 tax return with the amounts that each taxpayer is entitled to.

Early in 2021 Congress passed the American Rescue Plan which included a provision that increased the child tax credit amount and upped the age limit of eligible children. Normally, the credit was $2,000 per eligible child under age 17. For the 2021 tax year the American Rescue Plan increased the cre...

01/05/2022

Tap into your full potential. Wednesday Wisdom from Neeka Corporation

01/04/2022

A reverse mortgage allows homeowners who are at least 62 years old to borrow against the equity in their home, and the loan is not due until the homeowner passes away or moves out of the home. The loan's proceeds, which aren't taxable, can be taken as a lump sum, a line of credit, or equal monthly payments. The mortgage interest may or may not be deductible.

With inflation on the rise and medical care costs escalating, what options do seniors have for keeping up, especially if they have a mortgage on their home and their retirement income is only barely covering their mortgage payments and other necessities, with little left over for some enjoyment in t...

01/04/2022

The IRS has announced the new standard mileage rates to be used for automobile tax deductions in year 2022. Watch this video for a quick overview of the new rates.

01/03/2022

Here's some motivation for your Monday from Neeka Corporation

12/31/2021

Your Friday tax fact from Milpitas based Neeka Corporation.

12/30/2021

We have assembled a list of the six e-commerce KPIs we think will most help you assess how your business is measuring up. Learn more.

12/30/2021

An individual must have compensation in order to contribute to an IRA unless the individual is a nonworking or low-earning spouse who is allowed to contribute to his or her own IRA based upon the compensation of the working spouse. Many spouses have left the workforce as a result of the COVID-19 pandemic, so this provision may help them continue to accumulate retirement funds.

One of the fallouts of the COVID-19 pandemic is that millions of people have dropped out of the workforce, particularly female workers with families. While they remain unemployed, these women will have lost the opportunity to build up their retirement nest egg through their employers’ retirement p...