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WED, SEP 23
Understanding Your Social Security Benefits Webinar
WED, SEP 23
Understanding Your Social Security Benefits Webinar
2020 Tax Planning
http://bealscaruanacpafirm.com/2020-tax-planning-itemized-deductions/
BEALSCARUANACPAFIRM.COM
2020 Tax Planning: Itemized Deductions
MONEY.YAHOO.COM
Why a ‘vast majority’ of Americans are not getting the most out of Social Security
Beals, Caruana & McVety Wealth Strategies, LLC
November 2 at 11:21 AM ·
Are you getting the most out of your Social Security benefits? Claiming Social Security at the optimal age can make a huge difference. Yahoo Finance has the story @ https://bit.ly/34StebA
Beals, Caruana & McVety Wealth Strategies, LLC
November 2 at 11:21 AM ·
Are you getting the most out of your Social Security benefits? Claiming Social Security at the optimal age can make a huge difference. Yahoo Finance has the story @ https://bit.ly/34StebA
https://bealscaruanacpafirm.com/2020-tax-planning-tax-benefits-of-cost-segregation/
BEALSCARUANACPAFIRM.COM
2020 Tax Planning: Tax Benefits of Cost Segregation
Happy Halloween!
Is your child starting their first bank account? Call today to learn more about how to secure your child's financial future!
At Beals, Caruana & Company PC, we bring over 50 years of excellence to help you meet your financial goals. Give us a call to learn more about how we can best serve you! 248-251-1050
Beals, Caruana & Company, P.C. updated their phone number.
In 2021, let our friendly team with over 50 years of experience help make sense of your taxes. For thorough tax preparation services, call Beals, Caruana & Company, PC! 248-251-1050
CNN.COM
Vaccines will jumpstart the global economy. It may not feel like a boom
Beals, Caruana & McVety Wealth Strategies, LLC
January 4 at 2:46 PM ·
Once the COVID-19 vaccine rolls out, the economy will get a boost, but it might not feel like it for a while. CNN has the story @ https://cnn.it/2VStraD
If your 2021 resolution includes saving money, spending more wisely, or generally improving your finances—you're not alone! Give us a call today.
Additional 2020 Recovery Rebates for Individuals:
As part of the massive Consolidated Appropriations Act, 2021, Congress has included another round of stimulus payments. Eligible individuals will receive $600 ($1,200 for joint filers) plus $600 for each dependent child.
Similar to the stimulus payment under the CARES Act, the amount of each payment is phased out by $5 for every $100 in excess of a threshold amount. This threshold amount is based upon 2019 adjusted gross income. The phaseout begins at $75,000 for single filers, $112,500 for heads of households, and $150,000 for joint filers. Thus, the payments are completely phased out for single filers with 2019 adjusted gross income over $99,000, heads of household with $136,500, and joint filers with $198,000.
In order to be eligible for a stimulus payment, the individual must not be:
- a nonresident alien,
- able to be claimed as a dependent on another taxpayer’s return,
- an estate or trust, and
- must have included a Social Security number for both the taxpayer, the taxpayer’s spouse, and eligible children (or an adoption taxpayer identification number, where appropriate).
The advance credit is based on the adjusted gross income reported and the qualifying children claimed on the eligible individual’s 2019 return. The IRS will make the payment via electronic funds transfer to the bank account that the payee authorized, on or after January 1, 2019, for the delivery of a refund, or payment of taxes. However, if an individual has not filed a 2019 return by the time the payments are determined, the payment is based on information provided by the Social Security Administration, Railroad Retirement Board, or Secretary of Veterans Affairs for calendar year 2019.
As soon as practicable after the IRS distributes any payment to an eligible taxpayer, the IRS will send a notice by mail to the taxpayer’s last known address. The notice will indicate the method by which the payment was made, the amount of the payment, and a phone number to contact at the IRS to report any failure to receive such payment.
If you have any questions on the stimulus payments, please call our office. We are here to help you.
Wishing you a safe and healthy holiday!
Beals, Caruana & Company, P.C. updated their phone number.
