8.31.2023 | Issue 122

Santora CPA Group's

Weekly Newsletter!

 

You'll find links to the Alerts and Useful Info we've posted on our website, which includes time-sensitive information and any other issues that might impact you or your business, as well as any news from around our office.

Important Upcoming Dates

9.15.2023: Corporation (6/30), S Corporation, and Partnership Tax Returns Extended Due Date (12/31)


10.2.2023: Fiduciary Tax Returns Extended Due Date (12/31)

Your Weekly Catch-Up

Can You Deduct Student Loan Interest on Your Tax Return?


The federal student loan “pause” is coming to an end on August 31st after more than three years. If you have student loan debt, you may wonder whether you can deduct the interest you pay on your tax return. The answer may be yes, subject to certain limits. The deduction is phased out if your adjusted gross income exceeds certain levels — and they aren’t as high as the income levels for many other deductions.

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Disabled Family Members May Be Able to Benefit from ABLE Accounts

Pocket a Tax Break for Making Energy - Efficient Home Improvements

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Firm News

ABCares Donation!

On Wednesday, August 30th, we dropped off personal hygiene supplies to ABC Delaware. ABCares once again partnered with the Colonial School District to collect simple personal items and hygiene products to aid students with their needs this coming school year. They reached out to their members to help. And of course, SCG jumped into action! Erin Melhus led the effort by collecting either cash or donated items from the wish list – overall, we ended up with over 600 items to help students throughout the school year!

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www.santoracpagroup.com

302.737.6200