Caras & Shulman, Author at Caras Shulman

Tax Tips for January 2022

by Caras & Shulman | Jan 31, 2022 | Tax Tips

Click on the links below to jump to each section in this article: Standard Mileage Rates for 2022 Why Using the Correct Filing Status Matters Tax Credits for Accommodating Disabled Workers Watch Out for Holiday Gift Card Scams What To Know About Keeping Good Tax Records Standard Mileage Rates for 2022 Starting January 1, 2022, the standard mileage rates for the use of a car, van, pickup, or panel truck are as follows: 58.5 cents per mile driven for business use, up 2.5 cents from the rate for...

Credit Reports: What You Should Know

by Caras & Shulman | Jan 31, 2022 | Featured Articles

Creditors keep their evaluation standards secret, making it difficult to know just how to improve your credit rating. Nonetheless, it is still important to understand the factors that determine creditworthiness.

Reminder: Identity Protection PIN Available To Taxpayers

by Caras & Shulman | Jan 24, 2022 | Featured Articles

Starting in January 2021, the IRS Identity Protection PIN Opt-In Program expanded to include all taxpayers who can properly verify their identity. Previously, IP PINs were only available to identity theft victims.

Tax Planning vs. Tax Preparation: What is the Difference?

by Caras & Shulman | Jan 17, 2022 | Featured Articles

Many people assume tax planning is the same as tax preparation, but the two are quite different. Let’s take a closer look:

Important Tax Changes for Individuals and Businesses

by Caras & Shulman | Jan 10, 2022 | Featured Articles

Every year, it’s a sure bet that there will be changes to current tax law, and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here’s a checklist of tax changes to help you plan the year ahead.

Getting Ready for the 2022 Tax Filing Season

by Caras & Shulman | Jan 4, 2022 | Featured Articles

Filing your tax return promises to be just as complicated as always – especially if you received stimulus payments or advance child tax credit payments.

Tax Tips for December 2021

by Caras & Shulman | Dec 31, 2021 | Tax Tips

Click on the links below to jump to each section in this article: Retirement Contributions Limits Announced for 2022 Small Business: Deducting Startup Costs Reminder: Deferred Payroll Taxes Due in December Important Information About Charitable Giving This Year Tax Credit for Hiring Long-Term Unemployed Workers Retirement Contributions Limits Announced for 2022 Cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for 2022 are as follows:...