Making financial transactions is an important part of managing your finances, but it can also have a significant impact on your taxes. Whether you’re making a big purchase, investing in real estate, or starting a new business, it’s important to understand how these transactions will affect your tax situation. This is where consulting with a… Read More

The IRS has changed the rate for the Standard Mileage rate, which is usually applied to: Business, Medical/Moving, and Charitable. Make sure you keep track of mileage divided by the first half of the year and the second half. Mileage Rate Changes Purpose Rates 1/1 through 6/30/22 Rates 7/1 through 12/31/22 Business 58.5 62.5 Medical/Moving… Read More

Greetings from KG Tax Group, Inc Welcome to another tax season. Please see the message below for instructions to get your information over to us.  Important In addition to your tax data (w2, 1099, 1098 forms, etc.) and signed forms, we will need you to provide (*if applicable):   Your current address A copy of… Read More

The child tax credit has been modified and is now being intended to be distributed into monthly payments instead of a lump sum once a year during tax season. In order to manage this feature weather you like to enroll on the monthly payment or unenrolled. The IRS has designated a new tool on their… Read More