Are You Leaving Money on the Table? Understanding Tax Credits

Описание: In this session, CPA Jaykumar Patel and Client Services Manager Arianna Gonzalez provided a clear and practical overview of key tax credits available to both businesses and individuals. They discussed eligibility requirements, highlighted common opportunities that are often overlooked, and shared actionable insights to help you better understand and maximize potential tax savings. Whether you are a business owner or an individual taxpayer, this concise walkthrough will equip you with valuable knowledge ahead of the upcoming tax season.

Key moments:

00:00 - Introduction
00:54 - Different Tax Credits
12:25 - What is the Work Opportunity Tax Credit (WOTC)?
13:07 - What credit offers support to small employers offering retirement plans?
13:35 - What is the research credit, and who qualifies for it?
14:53 - What is investment credit or Form 3468?
15:30 - What is the small employer health insurance credit?
16:25 - What is the employer credit for paid family and medical leave?
18:16 What proactive strategies are you recommending to businesses and individuals right now?
20:26 - What should individuals understand about the earned income tax credit for 2026-2027?
21:34 - How does the child tax credit operate in 2026 and 2027?
22:36 - What is the child independent care credit, and who benefits the most from that?
23:50 - What should families know about the adoption credit?
25:53 - What is the American Opportunity Tax Credit?
26:52 - How does the premium tax credit affect marketplace health insurance clients?
28:04 - When does the foreign tax credit apply?
29:04 - What is the credit for excess social security tax withheld?
30:46 - What proactive strategies should individuals and businesses implement right now?
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