Gain Exclusion on Sale of Personal Residence
Thinking about selling your primary residence? With the rise in real estate prices, many taxpayers may be looking to sell their primary residence and cash in on the gain. If this has been your principal residence and you have owned it for a period of at least two out of the last five years, you can exclude a nice portion of the gain. Single taxpayers or those married filing separately can exclude up to $250,000.
Read POSTBest of the Treasure Valley?
The Idaho Statesman is currently running their annual Best of Treasury Valley poll. BA Harris is proud to be included in the Best Accounting Firm category and we would love the support of our loyal clients in being named The Best. Voting is only open until July 21st, so if you have a spare minute or two, you can click on this link to submit a vote. https://idahostatesman.secondstreetapp.com/Idaho-Statesmans-Best-of-Treasure-Valley/gallery?group=321791 We appreciate your time and continued support!
Read POSTSecond Quarter Estimated Tax Payments
With summer knocking on the door we just wanted to remind estimated taxpayers your second quarterly payment is due Monday, June 17th. If you have any questions, don’t hesitate to contact our office. We hope you have a wonderful summer!
Read POST Idaho’s Education Tax Credit- Not just for schools!
The primary focus of any charitable donation will always be that your money is going towards a good cause that positively enhances our community, but it never hurts to be aware of the benefits that it may provide come tax time! The state of Idaho offers an Educational Tax Credit for any cash donations made to qualified Idaho Educational entities of 50% of the amount donated, up to $500 per tax payer ($1,000 on a joint return).
Read POSTSummer Hours
From Memorial Day Weekend to Labor Day Weekend we will be reverting to our summer hours of 8-5 on Monday-Thursday and 8-noon on Friday. Let us know if you have any questions.
Read POSTReady to chat?
So are we.
Feel free to contact us with any questions or needs you have. We will get in touch with you right away.
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