Featured News

Tax Planning: Itemized Deductions

There are two ways you can take deductions on your federal income tax return: you can itemize deductions or use the standard deduction. Deductions reduce the amount of your taxable income. The standard deduction amount varies depending on your income, age, whether or not you are blind, and your filing

Taxes and Household Employees

If you hire people to work in your home, you may be legally obligated to pay their federal and state payroll taxes. You must also indicate on your own annual tax return that you employ household workers. Here’s a snapshot of what you must do to steer clear of trouble

Crosslin Named to Top Accounting List

Hooray!  Crosslin is excited to be named to this year’s Inside Public Accounting Top 400 Firms list.  We are so grateful to our clients and team members who make our growth and success possible. Go Team Crosslin!

Further Clarification on Monthly Child Tax Credit Payments

Last Friday, millions of American families started receiving monthly Child Tax Credit payments.  Under the American Rescue Plan, each payment is up to $300 per month for each child under age 6 and up to $250 per month for each child ages 6 through 17. Normally, anyone who received a