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EG Tax Blog

If you get a letter from the IRS, NY State or other state you might be working in, Don’t Panic and Don’t Ignore It.  It is not a good idea to handle it on your own either.  Please speak to a tax professional at EG Tax. The IRS has been sending out identity letters to millions of taxpayers in an e…
Now is the time to get a tax checkup!! If you are concerned with a change in your income due to retiring, or maybe an increase in your income from a new job. Maybe you owed money this past tax year and want to make sure you are withholding more.  You can call our office to schedule a half year re…
Energy Credit for 2023 through 2032:  30%, up to a maximum of $1,200 per year, no lifetime limit.  The old credit gave you a lifetime credit of up to $500.  The items you can take credit for are:  windows, doors, hot water tank, furnace and insulation on a preexisting personal residence.  (biomas…