Chahal & Associates Inc

08/02/2024

04/10/2023

Someone made a fake profile under my name with my photos. Please don't respond to any friend or messager requests asking for personal info or money.

09/07/2022

New energy credit details and understanding the financial landmine if your car is ever totaled by insurance lead this month's newsletter. Read on!

This month's newsletter recaps the details of the revamped electric vehicle tax credit and other energy credits in newly passed legislation. Also included this month are some tips to review your recurring monthly bills that seem to automatically creep up. And there is a revealing article on a financ...

08/03/2022

Hobbies cannot deduct expenses per the IRS, outline here are ways to avoid this problem. There are also five great ideas to take advantages of IRAs. Plus much more!

Welcome to the last month of traditional summer vacation! And what better way to lead the final month of summer vacation by outlining ideas to save money while taking that long-deserved break. This month's letter includes a review of five ways to take advantage of IRA accounts to reduce your tax bur...

07/06/2022

In a new inflationary world its time to be aware of shrinkflation and review suggestions to get the most out of your bank accounts. Here are some ideas. Plus tax surprises and new mileage rates!

The recent run of inflation is causing many people to rethink how to save and where to spend. In this month’s newsletter, there is a recap of the traditional role of how your bank accounts work together to provide a valued resource to handle your funds. There's also a great article on how to i...

06/01/2022

Start your tax planning NOW to cut your 2022 tax bill. Also read about tax implications of your side hustle, managing money tips for couples and how to make your child's summer break a tax break.

The last thing you may want to do during the summer is start thinking about your 2022 tax return! The best way to lower your tax bill for next year, however, is to start looking for tax cutting strategies as soon as possible. In this month’s newsletter, read about some tax planning tips to hel...

05/04/2022

Virtual transactions are triggering more tax filings than ever. Plus understanding taxation of summer jobs and avoiding hidden fees that can destroy your vacation! Here is what you need to know.

With tax season now in the rear view mirror for most of us, it’s time to start thinking about how to minimize your taxes on next year’s tax return. In this month’s newsletter, get a start on your tax planning by learning about the tax consequences of different types of virtual tran...

04/06/2022

April is tax month! Included this month is a fun state tax quiz. In addition, there are answers to common tax questions received this month plus lots of great money management tips.

Welcome to tax month! Perhaps welcome is not quite the right word, but to help lighten the mood, included in this month's newsletter is a fun state tax quiz plus answers to the most common questions taxpayers ask during the month. Also read about ideas to manage your emergency fund while in our new....

03/02/2022

Here's how to avoid getting your tax return stuck at the IRS. Also read about tax tips for parents and grandparents, tips to handle rising interest rates, and why you should read the fine print!

Tax season is now underway! In this month's newsletter, we share the secret to getting a quick tax refund. Also read about tax saving tips for parents and grandparents, why you should consider reading the fine print, and several financial tips about how to navigate rising interest rates. Please enjo...

02/02/2022

OUCH! Discover common areas that create a tax surprise, plus keep a special eye out for these unusual tax documents and discover hints to keep your home business running smoothly.

With tax season now officially underway, you’ll start seeing more and more tax documents show up in your inbox or mailbox. And this year, there are some unusual ones arriving, so outlined here is what to expect. Plus there is a great article discussing common areas of tax surprises plus a grea...

01/05/2022

Advance child tax credit payments, multiple stimulus checks, small business loan forgiveness, and uncertainty on the taxable nature of unemployment income are reasons to read this month's newsletter.

The new year is upon us and so is another tax filing season. With all the late breaking tax law changes, advance payments of the child tax credit, and several stimulus payments, this year's tax return may be a bit chaotic. But your situation does not have to be. Included in this month's newsletter a...

12/01/2021

Take our holiday quiz to test your expertise in past toy crazes! Also read about recent tax court cases that may be relevant to you, five great money tips and preparing for surprise business expenses.

To help celebrate this holiday season and momentarily forget about potential supply shortage frustrations you may encounter while shopping, this month’s newsletter features a fun quiz about toy crazes from the past. This fun trip down memory lane is sure to be a crowd pleaser! Also read about...