RJ CPA, LLC

02/28/2023

Medicaid makes waiver payments to those who care for disabled individuals and thus saves the government from caring for these individuals in more expensive institutions. These payments can be excluded from taxable income In addition, these payments, even though excluded from income are treated as earned income for purposes of claiming the earned income tax credit if the caregiver is otherwise qualified.

Many taxpayers prefer to care for ill or disabled family members in their homes as opposed to placing them in nursing homes, but doing this can be expensive, time-consuming, and exhausting. The government also recognizes home care as a means of reducing the government’s costs in terms of caring fo...

02/27/2023

Because most of the COVID pandemic-related tax benefits have come to an end, your tax refunds may be smaller this year and substantially smaller for many.

02/25/2023

Here's your of the week from your friends at RJ CPA LLC.

02/24/2023

RJ CPA LLC - Some Friday tax knowledge for our friends and colleagues.

02/23/2023

Stock options are incentives provided to key employees to help grow the value of the employer's stock. When stock options are exercised, non-statutory option gains are treated as wages, while the gain from stock acquired by the exercise of statutory (incentive) options is deferred until the stock is sold, at which time the gain is treated as a capital gain if the shares are held for a required period.

Many companies, as an incentive to employees to help grow the companies’ market value, will offer stock options to key employees. The options give the employee the right to buy up to a specified number of shares of the company’s stock at a future date at a specific price. Generally, options are ...

02/22/2023

The first thing you should do to get back on track with your taxes involves checking on the current status of your account with the IRS. Learn more.

The first thing you should do to get back on track with your taxes involves checking on the current status of your account with the IRS.

02/22/2023

Here are the March 2023 Business Due Dates

02/22/2023

Tap into your full potential. Wednesday Wisdom from RJ CPA LLC

02/21/2023

If you truly want to help set your gig enterprise up for success, there are a number of important things you'll want to keep in mind. Learn more.

02/21/2023

Here are the March 2023 Individual Due Dates

02/21/2023

Beginning in 2023 the Home Energy Improvement Tax Credit offers a meaningful incentive for taxpayers to make energy-saving improvements to their homes, providing a tax credit of 30% of the cost of eligible expenses and an annual credit of $1,200.

This credit goes all the way back to 2006, providing a tax credit for making energy-saving improvements to a taxpayer’s home. This tax benefit was supposed to expire after 2021 but a law change has given the credit renewed life and substantially enhanced it beginning with 2023.

02/20/2023

Delaware tax filing deadline. There are important deadlines to be aware of - with March 1, 2023, being chief among them. Learn more.

Delaware tax filing deadline. There are important deadlines to be aware of - with March 1, 2023, being chief among them.