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Tax Extensions Made Easier: 10 Key Breaks You Might Be Missing
ARTICLE | September 10, 2024
Authored by Vasquez + Company
As the deadline for filing extended federal income tax returns approaches, taxpayers have the opportunity to leverage various tax breaks to reduce their overall tax liability or increase potential refunds. This article outlines ten key tax benefits available to individual taxpayers, including family tax credits, charitable contributions, home energy credits, and specific deductions for self-employed individuals. By strategically utilizing these options, taxpayers can optimize their financial situation before the October 15 deadline.
Read the full article here.
Our firm provides the information for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. This article is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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Vasquez + Company LLP has over 50 years of experience in performing audit, tax, accounting, and consulting services for all types of nonprofit organizations, governmental entities, and private companies. We are the largest minority-controlled accounting firm in the United States and the only one to have global operations and certified as MBE with the Supplier Clearinghouse for the Utility Supplier Diversity Program of the California Public Utilities Commission.
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