If you’re self-employed, there’s a valuable tax deduction that you might be overlooking: the self-employed health insurance deduction. This allows you deduct the cost of health insurance premiums paid for yourself, your spouse, and your dependents, including your children under the age of 27, even if they aren’t claimed as dependents on your tax return. Why [...]
Great question! Filing a tax extension refers to a process by which taxpayers can request additional time beyond the original tax filing deadline to submit their tax returns to the Internal Revenue Service (IRS). In the United States, the standard tax filing deadline for most individuals is typically April 15th each year, unless that date falls [...]
Why you may have received a notice from the IRS With the April deadline behind us and 2023 tax returns being processed by the IRS, you may receive a tax notice. Receiving a letter from the IRS can be intimidating and raise numerous questions. At Abacus, we are here to assist you. Here are a few [...]
The Abacus App allows you to follow your tax return from start-to-finish while its with Abacus Professionals. You can upload documents, track tax project progress, get real-time updates and contact Abacus Team members. Download & Sign In To access your Abacus App, download the app using your camera to scan in the QR code below. You [...]
