September 29, 2017 – TPC’s Preliminary Analysis of “Unified Framework”

Reporting source: Tax Policy Center (TPC) I’m sure the big question burning in your mind is: “What’s in the GOP tax reform framework and how can I better understand it?” C’mon admit it. I know that’s what you were thinking. Well there are some handy resources out there for you! For starters, you can read Read more about September 29, 2017 – TPC’s Preliminary Analysis of “Unified Framework”[…]

September 20, 2017 – VITA Threshold for Tax Year 2017 is still $54k

Reporting source: IRS San Jose SPEC The low-to-moderate income threshold for FY 2018, Tax Year 2017, is $54,000. The threshold is based on tax year 2017 EITC AGI limits as shown below. Earned income and adjusted gross income (AGI) must each be less than: $48,340 ($53,930 if Married Filing Jointly) with three or more qualifying Read more about September 20, 2017 – VITA Threshold for Tax Year 2017 is still $54k[…]

September 6, 2017 – Education Benefits Workshop Highlights

Reporting source: IRS Oakland SPEC Education Benefits – Slide Deck – courtesy of AARP Foundation   For Education Credits Qualifying expenses ALWAYS includes tuition and fees that must be paid to the school as a condition of enrollment, course-related books, supplies and equipment ALWAYS excludes insurance, medical expenses (like student health fees), parking fees USUALLY Read more about September 6, 2017 – Education Benefits Workshop Highlights[…]

September 5, 2017 – CE Credits Update

Reporting source: IRS San Jose SPEC IRS Stakeholder Partnerships, Education and Communication (SPEC) VITA/TCE Programs are approved to provide IRS Continuing Education (CE) credits for the following professionals: Enrolled Agents (EAs), Non-credentialed tax return preparers participating in the IRS Annual Filing Season Program (AFSP), California Tax Education Council (CTEC), and Certified Financial Planners (CFP). Attorneys Read more about September 5, 2017 – CE Credits Update[…]