taxable income Archives - Karme

taxable income

August 14, 2024

2024 IRS Tax Changes: What You Need to Know

 While 2023 did not see major federal tax reform legislation, the IRS has adjusted ranges for tax brackets, standard deductions, […]
January 30, 2024

Earned Income Credit: How to Work with a Tax Professional

The Earned Income Credit (EIC), also known as the Earned Income Tax Credit (EITC), is a refundable tax credit designed […]
October 16, 2022

Handful of states debate whether to tax forgiven student loans

A handful of states could still end up taxing President Biden’s recently announced student loan forgiveness of up to $20,000, according […]
January 27, 2022

Can I deduct my donations?

Sure! If you plan to claim the standard deduction on your 2021 tax return, you can write off a maximum […]