Company News.

Happy New Year everyone. 2020 is coming to a close with no regrets by many.  With the end of the year coming it's time to check some things off your list that should be done before 12/31/2020:

1) Everyone can take a $300.00 deduction for cash donated to a charity-no need to itemize for this.

2) If you itemize (if you have deductions that are greater than the standard deduction) you can claim charitable contributions of up to 100% of your adjusted gross income. Up from 60%

3) You will be able to contribute tax free dollars to an IRA or 401k account regardless of your age if you have earned income. The contribution limits are $6000 or $7000 depending on your age and the amount of your earned income. You have until April 15, 2021 to do this.

4) Remember to watch for your letter from the IRS containing your PIN (if you have requested one), and to take it with you when you visit your tax preparer.

5) Any questions can be posted here and will be answered promptly

6) A pointer for anyone who has had an issue with ID theft. Please schedule your tax prep s soon as possible. Remember you need to file before the thief does.

7) We will be in the office and taking appointments starting January 2, 2021.