Since 2012, families have been claiming a Children’s Fitness Tax Credit (CFTC) to a maximum of $500 per year providing a tax savings of up to $75 per eligible child. The CFTC was a non-refundable credit, so low income families that did not pay taxes received no benefit from this credit. The government announced that…
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Personal Tax Returns
You may be surprised to learn that the accountants at HLW look forward to income tax season. After all, most accounting firms dread this time of year. At HLW income tax season is an opportunity to renew acquaintances with personal tax clients, many of whom have become good friends over the years. More than that,…
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