Bialka Accounting Services

06/02/2022

CT residents, please don’t forget to apply for this tax rebate if you qualify!

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01/31/2020

12/19/2019

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A federal appeals court ruled a central feature of the Affordable Care Act was unconstitutional, but it ordered a trial judge to reconsider a ruling that invalidated the entire 2010 health-care law.

02/01/2019

Good read on deduction/credit changes when it’s time to file!

With new tax laws in place, there are plenty of ways to save money on taxes - you just need to know where to look. With April 15 the tax deadline, the clock is ticking on ways Americans can keep more of their hard-earned money in their pockets -- and less of it in Uncle Sam's. The problem is, U.S. t...

01/17/2018

NEW YEAR, NEW YOU!! Are you or a friend of your looking to make some changes this new year?! Tired of overpaying to have your taxes prepared? Act now and get your free quote today at (860)810-0268, W2s will be in the mail by January 31st.

12/28/2017

FRIENDLY REMINDER: 2017 will be the last year until (at least) 2025 you will be able to deduct certain items on your tax return:
1. Property taxes in excess of $10,000 will not be deductible next year. Try to pre-pay them by 12/31 if possible
2. Give more to charity this year as many tax payers will lose the ability to itemize in 2018
3. If you have anticipated unreimbursed job expenses, in excess of 2% of your income, try to make those purchases in 2017
4. Home Equity Loans: Call your banks and offer to pre-pay some of your interest this year as this is DISALLOWED next year
5. Tax Preparation Service: Pre-pay for your services before 12/31 as this is DISALLOWED in 2018

04/26/2017

Check this out..

03/28/2017

FYI - state refunds for MA are being delayed four to six weeks.

Some taxpayers who have already filed their taxes have received a federal refund, but not a state one.

01/28/2016

This year's expected refund cycle chart is out!

IRS e-file Refund Cycle Chart for 2016 with Direct Deposit and Check dates provided below are based on filing and transmitting as early as January 11, 2016.

04/15/2015

Happy Tax Day Everyone!! Make sure you file your taxes by tonight & get those payments in the mail for balances due.

01/12/2015

Did you know...

ACA AND TAXES

Under the new ACA law (Obamacare), you must have health insurance. You must purchase insurance if you do not have insurance through work and meet one of the following:
• You or your child has a SSN
• You are a US Citizen or you meet one of the following:

• Permanent Resident (Green Card)
• Asylee or Asylum Applicant
• Refugee
• Battered Spouse, Child or Parent
• Temporary Protected Status (TPS)
• Employment Authorization
• DACA

You must have insurance by February 15, 2015.
For more information:
1-800-318-2596

Special Note
If you are not compliant with ACA, you may face a tax penalty of:

• $325 per adult, 162.50 per child OR
• 2% of your Adjusted Gross Income, whichever is higher

The penalty will be automatically deducted from your refund if due, or added to the amount owed.

12/30/2014

It's official - E-filing begins January 20th - 10 days earlier than projected by the IRS!!

The IRS has its hands full with year end 2014 tax changes, but you can start filing your 2014 tax returns on January 20, 2015.