Susan Berel, Author at Berel CPA, PLLC

Tax Breaks for Teachers and Educators

by Susan Berel | Aug 8, 2020 | Taxes

As the new school year begins, teachers, administrators, and aides should remember to keep track of education-related expenses that could help reduce the amount of tax owed next spring.

Loan Forgiveness Under the Paycheck Protection Plan

by Susan Berel | Jun 5, 2020 | Taxes

If the loan proceeds are used as specified, business owners may apply to have the loan forgiven. Here’s what you need to know about loan forgiveness under the PPP.

It’s Not Too Late to Make an IRA Contribution

by Susan Berel | Mar 9, 2020 | Taxes

Generally, you can contribute up to $6,000 of your earnings for the tax year 2019 (up to $7,000 if you are age 50 or older in 2019). You can fund a traditional IRA, a Roth IRA (if you qualify), or both, but your total contributions cannot be more than these amounts.