Day camps are common during school vacations and the summer months. And their cost may count towards the child and dependent care credit. Here are five things parents should know: 1. Care for Qualifying Persons. You may qualify for the credit whether you pay for care at home, at a daycare facility, or a day camp. […]

If you adopt a child in 2023, you may qualify for a tax credit for related expenses. If your employer helped pay for the costs of an adoption, you may be able to exclude that income from tax. In 2023, the maximum adoption tax credit and exclusion on a combined basis is $15,950 per child. […]

Usually when people talk about habits, they’re trying to find ways to break bad ones. Sometimes it’s difficult to even trace them back to how they got started. They’ve just become habits. Starting new ones should be easier than breaking old, established ones. And when it comes to your knowledge about your company’s financial health, […]

Business owners and employees often have questions about what to do with an employee’s home when they move to a new job location. Here are some answers. Employees Most employers want to protect the employee from being relocated against financial loss on a “forced” sale of their home. Here are the most common ways to […]