Take Advantage of College Tax Credits
If you, your spouse, or one of your dependents is heading off to college this fall, you may be able to claim some education expenses… Read More »Take Advantage of College Tax Credits
Individual
Individual Federal and State Tax Tips by Hedley & Co. CPA with offices in Clifton Park, NY serving Saratoga County, Albany County Schenectady county and beyond. We help prepare individual tax returns year round. Tax planning is an essential part of your tax preparation.
Understanding Health savings accounts (HSAs)
The ABCs of HSAs Health savings accounts (HSAs) have been available since 2004, but they’ve become more popular recently. HSAs offer income-tax advantages that can… Read More »Understanding Health savings accounts (HSAs)
Shop Around for Tax Breaks on College Expenses
Until you have a child applying for or attending college, the high costs may not seem real. That changes quickly when paying for college becomes… Read More »Shop Around for Tax Breaks on College Expenses
S Corporation Compensation and the IRS
One reason small business owners like the S corporation tax structure is because profits generally aren’t taxed at the corporate level. They “pass through” and… Read More »S Corporation Compensation and the IRS
MINIMIZING THE TAX BITEon Your Investments
When you invest, your main focus should be achieving your financial goals, not avoiding taxes. That said, if an investment decision causes your tax bill… Read More »MINIMIZING THE TAX BITEon Your Investments
A Tax Credit for GOING GREEN
Thinking about installing a renewable energy system in your residence? Uncle Sam offers individual taxpayers a federal income-tax credit equal to 30% of the cost… Read More »A Tax Credit for GOING GREEN
The 2015 Tax Year is Here!
NEW (TAX) YEAR The 2014 tax year is pretty much a wrap. There’s not too much individual taxpayers can do to change the outcome. But… Read More »The 2015 Tax Year is Here!
Writing off Charitable Contributions
As the year end approaches many people will donate used items to local charities. Although we applaud the efforts to help those less fortunate there… Read More »Writing off Charitable Contributions
Helpful Hints for Personal and Business Life
You may try to keep your personal life and your business life separate, but they’re bound to overlap, sometimes in surprising ways. Case in point:… Read More »Helpful Hints for Personal and Business Life
Provisions expired after 2013
*Edit 12/2014* Congress Passes Tax Extenders and New Legislation for the Disabled: The Senate passed H.R. 5771, known as the Tax Increase Prevention Act of… Read More »Provisions expired after 2013