Blog
Buying a House in Connecticut During this Housing Shortage
Buying a house right now is painful. Very painful. Inventory is at a historic low, and prices are skyrocketing.I have some thoughts -- and while this is admittedly not within my direct "wheelhouse" ... I think it will help as we move through the spring and summer real...
Big Earned Income Tax Credit Changes for all Connecticut Filers in 2021
I have to apologize to all of my clients for the sheer volume of tax-centric writing I've been doing the last few weeks and months.Normally, I like to write on other topics (in addition to the tax-related stuff) ... but I cannot emphasize enough how massively and...
Key Healthcare Changes From ARPA For Connecticut Taxpayers
Last week marked the one year anniversary of the CARES Act (stimulus round 1). This was such a monstrous piece of legislation, it’s still being unraveled. It made "Obamacare" (ACA) and the "Trump Tax Cuts" (TCJA) seem like junior league tweaks.We had not before seen a...
How COV-19 Affected Annual RMD for Connecticut Retirees
With a third round of "stimmy" (as the kids say) hitting bank accounts for the past week, 90MM+ Americans (including some of us) are once again flush with cash. It remains to be seen what this will do for the economy, but combined with what seems to be a...
The NFT Craze, Explained By Emelia Mensa EA, CPA
Events are happening fast in tax world, and we are VERY busy here at Emelia Mensa CPA. But this is a good thing -- we've been preparing for this season all year, and we love to serve.We knew that there would be unexpected curve balls this year, but "rewriting the tax...
The New Stimulus Update and Tax Issues for Connecticut Filers
The "American Rescue Plan" has been finalized and signed. And there are things about the new stimulus update our clients should know.While I normally write weekly, there is information in this strategy note that you need to know about now that might even impact how...
Third Stimulus Package Update For All Connecticut Taxpayers
Despite what you might think, being a tax accountant is NEVER boring.We have all kinds of fun amusements that keep us going.We play little games like: "Guess The New Tax Law That Will Change Returns That Have Already Been Filed" -- catchy title, I know, and we get to...
Post-Stimulus Taxes for 2020
I mentioned last week the key provisions of the "American Rescue Plan," while it was just proposed legislation.Now that the House has passed it, there is more meat on those bones. I'll run it all down for you once it's been signed by the President, but the key...
Debunking Estate Plan Myths For Connecticut Taxpayers (Part 2)
We're diving in, with sleeves rolled up, with a bunch of our area tax preparation clients in creating the best tax return possible for their 2020.Get on our list here: https://waterbury-cpa.com/schedule/But here at Emelia Mensa, CPA we're also keeping an eye on the...
