Hogan Signs Bill to Suspend Gas Tax
On Friday, Gov. Larry Hogan signed emergency legislation to suspend the gas tax in Maryland for 30 days. During a press conference ahead of the signing, Hogan said the move… Read More
tax
Elrich Signs Bill to Double County’s Reimbursement for Municipally-Delivered Services
On Monday, Montgomery County Executive Marc Elrich signed a bill to double the county’s reimbursements for municipally-delivered services. The county council unanimously passed the bill on March 1. Montgomery County… Read More
Marc Elrich Alienta a los Residentes del Condado a ‘Obtener Todos sus Créditos Fiscales”
El ejecutivo del condado, Marc Elrich, alienta a los residentes del condado de Montgomery a “obtener todos sus créditos fiscales”, en conmemoración del Día de Concientización sobre el Crédito Fiscal… Read More
Blog: Tax Relief for Those Affected by Natural Disasters
Recovery efforts after natural disasters can be costly. With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout the U.S. this year, many have been left… Read More
Child Tax Credit Payments Begin July 15
Many working families across the nation are about to receive monthly payments to support childcare needs beginning July 15. Included in the American Rescue Plan, which President Joe Biden signed… Read More
Concejo de Montgomery Amplía la Elegibilidad para el Crédito Tributario
El Concejo del Condado de Montgomery aprobó el martes, por unanimidad, un proyecto de ley que amplía la elegibilidad para el crédito tributario local sobre la renta del condado: el… Read More
Council Expands Eligibility for County’s Local Income Tax Credit
On Tuesday, the Montgomery County Council unanimously approved a bill that expands eligibility for the county’s local income tax credit: the Working Families Income Supplement (WFIS). The amendment allows residents… Read More
IRS Extends Tax Filing Deadline to May 17
The Treasury Department and Internal Revenue Service (IRS) are extending the deadline to file 2020 federal income taxes from April 15 to May 17. The IRS said in a statement that… Read More
Hogan Propone Pagos Directos como Parte del Nuevo Paquete de Ayuda de Mil Millones
El gobernador Larry Hogan presentó el lunes un paquete de estímulo de mil millones de dólares que incluye pagos directos a los residentes de Maryland que califiquen. La Ley de… Read More
Hogan Proposes Direct Stimulus Payments as Part of New $1 Billion Relief Package
Gov. Larry Hogan introduced a $1 billion stimulus and tax relief package Monday that includes direct stimulus payments to qualifying Marylanders. The Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and… Read More
Blog: Year-End Tax Planning Strategies for Business Owners
Several end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Let’s take a look: Deferring Income Businesses using the cash method… Read More
Blog: General Tax Planning Strategies
General tax planning strategies for individuals include accelerating or deferring income and deductions, as well as careful consideration of timing-related tax planning strategies concerning investments, charitable gifts, and retirement planning.… Read More