Tax Credit
Obscure and Overlooked Tax Deductions, Credits, and Benefits
Submitted by Desmond Wealth Management, Inc. on October 17th, 2023
As tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to overlooked tax credits and benefits. Of course, not everything can be included since the tax law has grown significantly in complexity, and it would take a thick book to list everything.
Will the Recently Passed Pension Legislation Affect You?
Submitted by Desmond Wealth Management, Inc. on June 19th, 2023Tax and Personal Finance Tips for New Parents
Submitted by Desmond Wealth Management, Inc. on May 11th, 2023Commonly Asked Tax Questions
Submitted by Desmond Wealth Management, Inc. on May 1st, 2023Wow! You Can Now Get a Tax Credit For Buying a Used Electric Vehicle
Submitted by Desmond Wealth Management, Inc. on March 4th, 2023
2023 brings with it a whole new set of rules related to qualifying for a tax credit for purchasing a used electric vehicle. This is the first time that used electric vehicles have qualified for a tax credit, and although considerably less than the credit for purchasing a new electric vehicle, it does provide an incentive for lower-income taxpayers to acquire an electric vehicle.