Before you file your taxes, be sure you're up to date on the new tax laws and how they could impact your return. We chatted with our friends at local accounting firm Harper and Company CPAs Plus to get all the important information, including details about the recently signed Appropriations Act of 2020, medical AGI limitations, commonly overlooked deductions, above-the-line health insurance deductions for self-employed individuals, and more. Click here for all the updates.
There’s a growing scam where a caller pretends to be from the Social Security Administration (SSA) and tries to get you to give them your social security number. While it may sound obvious in hindsight, these calls are very tricky. In fact last year more than 35,000 people reported the scam, which was up from only 3,200 people in 2017, and they lost $10 million total. Remember, the SSA will never call to threaten your benefits or ask you to wire money or send cash. Even if the caller ID says it’s the SSA, if you are concerned call the SSA back directly at 1-800-772-1213 to confirm. For more details and to listen to one of the scam calls, click here.