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Understanding Refundable Tax Credits
- February 15, 2022
- Posted by: CKH Marketing
- Category: Tax tips
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A refundable tax credit can be applied to your tax bill and in some cases can generate a negative federal tax liability, meaning that your refundable tax credit can create a federal tax refund. For example, if you owed $1,000 in taxes and qualify for a $1,200 refundable credit, you would receive a $200 refund.
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Federal Tax Levies & Liens
- January 20, 2022
- Posted by: CKH Marketing
- Categories: Financial Tips, Tax tips
There is often confusion about the difference between federal tax levies & liens. If you aren’t a tax expert yourself, these terms can feel like they are in a different language. The terms “levy” and “lien” are not interchangeable, but they are closely linked. This article will break down everything you need to know about these important IRS penalties.
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New 2022 Tax Brackets
- January 20, 2022
- Posted by: CKH Marketing
- Categories: Current Events, Tax tips
On November 10th, 2021 the IRS announced their annual inflation adjustments to the 2022 federal income tax brackets. These adjustments impact more than 60 tax provisions. Here are the new numbers.
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Important Tax Dates for 2022
- January 20, 2022
- Posted by: CKH Marketing
- Category: Tax tips
With 2022 just around the corner, it is time to start thinking about the important tax dates for 2022 coming up in the new year. Here are some of the important dates to remember.
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What You Need to Know About Tax Deductions
- January 20, 2022
- Posted by: CKH Marketing
- Category: Tax tips
Tax deductions can help you save money— but only if you know what they are, how they work, and how to claim them. Here is a little guide to help you out.
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Load Shedding in South Africa
- December 17, 2021
- Posted by: CKH Marketing
- Category: Current Events
In an attempt to prevent severe blackouts, Eskom, South Africa’s largest electric utility company, has initiated its process of “load shedding”. The idea of load shedding may be a confusing concept for some, but for the members of our South Africa office, this has become a regular occurrence in their daily lives. It is important to understand this process and how it affects South African citizens.
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All About the Child and Dependent Care Credit
- December 17, 2021
- Posted by: CKH Marketing
- Category: Tax tips
The Child and Dependent Care Credit is a helpful refundable tax credit that assists families in paying for childcare. The credit specifically offers relief to parents who pay for the care of a qualifying child while they work or search for work. The amount of eligible expenses that qualify for the credit varies depending on a taxpayer’s income level.
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What You Need to Know About Tax Relief
- October 21, 2021
- Posted by: CKH Marketing
- Categories: Financial Tips, Tax tips
Engaging with companies like this could be a risky choice, if you owe taxes, but are unable to pay the IRS in full, there are a few legitimate IRS tax relief programs to help, through the agency’s Fresh Start initiative.
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Claiming a Dependent
- October 13, 2021
- Posted by: CKH Marketing
- Categories: Financial Tips, Tax tips
Claiming a tax dependent allows you to claim certain tax deductions and credits, and we will explain how to do so.
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Everything You Need to Know About the Vaccine Mandate
- September 29, 2021
- Posted by: CKH Marketing
- Categories: COVID-19 Information, Current Events
On September 9th, 2021, President Biden ordered the Labor Department, also known as OSHA, to issue mandatory vaccine mandates for companies with 100+ employees.
