by MTS Tax Preparation, Planning, and Financial Literacy | Sep 14, 2021 | Tax Tips and News
With the recent developments in the battle against COVID-19, health authorities are turning to tests for the virus that can be carried out at home. New clarification from the IRS now aims to spread the word that such home tests can be deducted from income taxes. The...
by MTS Tax Preparation, Planning, and Financial Literacy | Sep 12, 2021 | Tax Tips and News
The Internal Revenue Service announced that Mississippi will now receive tax relief in the wake of Hurricane Ida, delaying some filing and payment deadlines for affected taxpayers. The Magnolia State joins a list that currently includes Louisiana, New Jersey, and New...
by MTS Tax Preparation, Planning, and Financial Literacy | Sep 10, 2021 | Tax Tips and News
When a major natural disaster strikes, it’s not uncommon for federal officials to pull out all the stops at their disposal to speed the wheels of recovery. That’s what’s happening now in Louisiana, in the wake of Hurricane Ida. In Bayou Country, one of the big needs...
by MTS Tax Preparation, Planning, and Financial Literacy | Sep 10, 2021 | Tax Tips and News
Just as Hurricane Ida wreaked danger and misery to people from Louisiana to the Northeast, the Internal Revenue Service is expanding its tax relief for the storm’s victims. This latest relief is targeted for taxpayers in New York and New Jersey. “During this difficult...
by MTS Tax Preparation, Planning, and Financial Literacy | Sep 9, 2021 | Tax Tips and News
This summer, the U.S. has been subjected to more than its share of natural disasters. While disaster survivors may look at their tasks mainly as clearing debris and rebuilding structures, there’s another tool in the recovery tool belt that is just as important:...
by MTS Tax Preparation, Planning, and Financial Literacy | Sep 3, 2021 | Tax Tips and News
The Internal Revenue Service has wasted no time in granting important tax relief to those most impacted by Hurricane Ida. The storm clouds that brought destruction to much of Louisiana and other parts of the Gulf Coast had barely cleared before the relief measures...
