Things to do in Chicago - Part 59
The Morton Arboretum
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Best CPA in Chicago Provides Insight On 2022 Child Tax Credit Extension
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The tax credit for children is one of the most important tax credits available for families. This year there is an extension on the current child tax credit. Jeff Badu offers a variety of tax services in Chicago, Illinois . He is always watching and following changes in tax and tax law for his clients – businesses and individuals. The child tax credit has particular importance. The American Rescue Plan Act, ARPA, includes advance payments made by the IRS. Families earning over a certain amount would not qualify for the credits. However, there are other potential provisions available. Finding these credits and provisions are possible with the assistance of a professional providing tax preparation services in Chicago, Illinois . “Those who have a family or are starting a family should really contact me about the tax credits available. This is one of the best ways to get refunds on annual income taxes each year. There is a provision in the tax bill for four full weeks of paid...
Best Tax Consultant in Chicago Shares News About Tax Provisions
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Tax provisions change annually, and the upcoming 2022 year is proving to be no different. This means business and personal accounting and bookkeeping will be seeing some changes. Some will be great for the individual and for the business as well. Jeff Badu offers accounting services for individuals and businesses in Chicago, Illinois . He is consistently on the pulse of the tax changes coming from the state and federal governments each year. This year he has noted a few specific elements that deserve some explanation. One of the better tax credits available for the coming year is for electric vehicles. Tax credits of up to $8,500.00 are available for qualifying vehicles. This will be in addition to the normal depreciation allowed on business vehicles. Other green energy options available include an extension on the production tax credit for energy from renewable sources like wind and solar. There is also an increase under Section 48 specifically for solar and wind as well....