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When Can I Be Vaccinated

by jburns5130 | Dec 15, 2020 | Commonwealth of Mass, Person in Need, Seniors Helping Seniors

Learn where you will fit into the COVID-19 vaccine distribution timeline.   The Baker-Polito Administration and the Department of Public Health developed a vaccine distribution timeline after extensive consultation with the Massachusetts Vaccine Advisory...

Covid-19 Distributions

by jburns5130 | Dec 14, 2020 | Commonwealth of Mass, IRS, Person in Need, Seniors Helping Seniors, Tax Deductions, Tax Preparation

If the Caronavirus has had negative effects on your finances, temporary changes to the rules under the CARES Act may give you more flexibility to make an emergency withdrawal from tax-deferred retirement accounts during...

Seniors Helping Seniors 2

by jburns5130 | Dec 3, 2020 | Commonwealth of Mass, Person in Need, Seniors Helping Seniors

Going Alone to Medical Appointments May Be Dangerous to Your Health?   Here’s a chapter out of Anne’s relationship with Joe and Elaine of Pinehills Tax Services and ardent believers in Seniors Helping Seniors! If you would like to read the back story on our...

Above the Line Charitable Deduction

by jburns5130 | Nov 14, 2020 | Commonwealth of Mass, IRS, Tax Deductions, Tax Preparation

One of the CARES Act updates impacts allowable charitable cash contributions for Standard Deduction filers. The deduction of charitable contributions is generally reserved for taxpayers that itemize their deductions. With the CARES Act, Standard Deduction filers can...

Reminder: Massachusetts UI is Taxable Income

by jburns5130 | Nov 10, 2020 | Commonwealth of Mass, Tax Preparation

If you received, or are currently receiving unemployment compensation, it is important to know that unemployment compensation is taxable. By law, unemployment benefits must be reported on your federal and state income tax returns for the tax year in which it was...

Will you Be Penalized for Under Withholding Taxes?

by jburns5130 | Mar 24, 2020 | Commonwealth of Mass, IRS, Tax Preparation

Many taxpayers have gone from receiving a large refund in 2018 to owing the IRS more than $1,000 on their 2019 returns! Did you know the IRS can penalize you for Failure to pay proper estimated tax. If this is you, here’s some food for thought.   The IRS...
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