This blog compiles a list of common tax documents that you should send to BakerStarrett so that we can accurately complete your 2020 tax return. Please remember that while most tax documents are mailed to you, many financial and educational…
It’s mid-January again, and it finally feels like winter has arrived in Central Iowa. Which must mean it’s time to start thinking about tax season! I outline below 4 easy ways to get organized to make this tax season a…
Beginning January 1, 2020 the standard mileage rates are: 57.5 cents per mile for business miles driven (down from 58 cents in 2019) 17 cents per mile for medical or moving purposes (down from 20 cents in 2019) 14 cents…
After the rush of the individual tax season and plenty of work left to be done; now is the time to start switching gears towards thinking about 2018 fiscal year ends, pass-through entities and some of the big changes that…
For 2020, the annual contribution limit is $3,550 for self-only coverage (up from $3,500 in 2019) and $7,100 for family coverage (up from $7,000 in 2019). If you are 55 or older by the end of the year, there is…
Hot topic – if you have or will be installing geothermal in your Iowa home in 2019, the tax credit has changed for Iowa! You are now required to apply for the credit. The Department of Revenue approves applications, and…
Often times a major financial burden to people with young children is paying for their care. The good news is there is some relief. This credit is available to almost anyone who has a dependent and has earned income. This…
Our last blog on security (found here) highlighted how to create and use strong passwords to reduce the risk of having your online accounts taken over in a “brute force” attack. This blog post will look at how you can…
Tax scams have caused thousands of people to lose millions of dollars along with stolen personal information. As scammers evolve and find new creative ways to trick people into giving them personal information or to send them money; it’s important…