Velisa Bookkeeping Services, a dedicated and reliable Accounting and Tax firm, serving Maryland since 2017.
Health Savings Accounts are the No.1 way to reduce your cost of medical care! Tip Category: Deductions If Benjamin Franklin were alive today, his famous quote Nothing is certain, except death and taxes might include a third item paying medical expenses. Fortunately a health savings account (HSA) is a great way to cut your spending on medical …
Continue reading Understanding Tax Terms: Health Savings Accounts (HSA)
Wow! Now there is a way to help a student without impacting their federal aid package. Here's how to do it. Tip Category: Planning Beginning in 2023 there is a new way to save money for college that won't impact your student’s ability to qualify for financial aid. This change is in the 529 college …
Whether you receive a big refund or pay taxes on tax day, taking action now can ensure next year's tax bill is optimized by not paying a dollar more than necessary. Tip Category: Planning Whether you receive a big refund or pay your taxes on tax day, taking action now can ensure next year’s tax …
You can turn your child's summer break into up to a $1,050 tax break for you, using the Child and Dependent Care Credit. Tip Category: Deductions As a busy working parent, you may be concerned about what activities are available for your kids this summer. There may be a solution that’s also a tax break: …
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