Hello Everyone! I hope you had a great Summer.
The holiday season is coming up fast and the time of giving is at hand. As many of you know, there are tax benefits associated with charitable gifts and donations but you must make those donations by the end of the year to count toward lessening your tax liability for 2023.
As part of the Inflation Reduction Act, the IRS released numerous tax bracket updates for 2023 significantly increasing the maximum threshold for each level compared to 2022. That means you may be able to qualify for a lower tax rate by making charitable deductions before the end of the year.
Please call if we can help with your tax or bookkeeping needs. We are committed to be your most affordable choice in the Treasure Valley for your tax prep and bookkeeping needs. Appointments can be made online at affordabletaxprep.org or by phone at 208-230-4059. Si Habla Espanol!