Pinehills Tax Services
  • Home
  • About
  • Services
    • Tax Preparation & Planning
    • Financial Planning
    • Seniors Helping Seniors
    • Taxes-To-Go
    • Customer Portal
  • Blog
  • Resources
  • Contact
Select Page

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...

Senior Circuit Breaker (CB) Tax Credit – 2020

by jburns5130 | Nov 19, 2020 | Tax Preparation, Uncategorized

Senior Circuit Breaker Tax Credit Certain seniors who own or rent residential property as their principal residence are eligible for a refundable tax credit. Find out if you qualify. Page updated: September 25, 2020.  What to know As a senior citizen, you may be...

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...

Case Study: Person in Need

by jburns5130 | Feb 13, 2020 | Commonwealth of Mass, IRS, Person in Need, Seniors Helping Seniors, Tax Preparation

Thank you for everything you’ve ever done for me. Case Study: A Senior in Need 2019 was a very interesting and eye opening experience for us. Joe was preparing a senior tax return for Anne (fictitious name) and Sam (fictitious name) but put the return on hold...
« Older Entries

Reach Us

Accurate & Affordale tax preparation that you can rely on!

Serving Plymouth MA & Surroundung Communities



info@pinehillstaxservices.com



(508) 209-0046

Quick Links

About
Services
Taxes-To-Go
Resources
Blog
Contact

© 2023 Pinehills Tax Services