Arizona & Medical Marijuana
Medical Marijuana is legal in AZ. But can you take a medical deduction on your AZ tax return? The AZ code refers to the IRS code and definition of what is a deductible medical…
March 2, 2020
Individual Coverage HRAs promote healthcare choice
BY Todd Kuehn TASC 800-422-4661, Ext 8875 Individual Coverage HRAs promote healthcare choice and competition and make it easier to offer valued benefit Beginning January 1, 2020…
November 20, 2019
New W4 for 2020
Beginning in 2020, all employers must use the new W4 Form. Old employees are not required to use the new form, unless they wish to change their withholdings. The new form is…
November 15, 2019
AZ Indivual Tax Update for 2019AZ Indivual Tax Update for 2019
Arizona Individual tax return changes for 2019 include: Match the federal standard deduction amount ($12,200 single/married filing separate, $18,350 head of household, $24,400…
November 1, 2019
Taxable Unemployment Compensation
Millions of Americans received unemployment compensation in 2020, many of them for the first time. This compensation is taxable and must be included as gross income on their tax return.
Taxpayers can elect to have federal taxes withheld from their unemployment benefits or make estimated tax payments, but many do not take these options. In that case, taxes on those benefits will be paid when the 2020 tax return is filed. If you are receiving unemployment in 2021, make sure you have Federal Tax withheld.