Idaho’s Education Tax Credit- Not just for schools!
The primary focus of any charitable donation will always be that your money is going towards a good cause that positively enhances our community, but it never hurts to be aware of the benefits that it may provide come tax time! The state of Idaho offers an Educational Tax Credit for any cash donations made to qualified Idaho Educational entities of 50% of the amount donated, up to $500 per tax payer ($1,000 on a joint return).
Read POSTSummer Hours
From Memorial Day Weekend to Labor Day Weekend we will be reverting to our summer hours of 8-5 on Monday-Thursday and 8-noon on Friday. Let us know if you have any questions.
Read POSTBeware, Changes are Coming to Form W4
If you are employed, chances are you have filled out a W-4 form. Currently, employers are required to have all employees fill out a Form W-4 indicating their marital status and the number of withholding allowances they prefer. When an employer calculates an employee’s paycheck, the income taxes taken out of the paycheck are determined by the allowances claimed on the employee’s Form W-4. Seems simple, right? It’s about to get more complicated.
Read POSTIs an Idaho MSA Right for You?
Tax Free Medical Expenses with an Idaho medical Savings Account (MSA) Due to the ever-rising cost of medical care in the U.S., finding a tax-advantaged means of paying (or saving) for an inevitable health care related expense has become a top priority for many Idahoans. Fortunately, the state of Idaho offers Idaho Medical Savings Accounts (MSA) which allow for a number of benefits for all residents of the state. The MSA’s are similar to a standard savings account, and may be opened through any participating financial institution in Idaho for a small fee.
Read POSTFMLA Tax Credit
There is a new tax credit available to employers who provide paid family and medical leave to their employees under the Family Medical Leave Act. If you offer paid leave to your employees be sure to contact our office to make sure you are taking full advantage of this tax credit.
Read POSTReady to chat?
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