Earned Income Tax Credit – Are you eligible?
Wouldn’t you like to have an extra $400 tacked onto your tax return this year? Well, if you meet certain qualifications, you may get even more thanks to the Earned [...]
View ArticleTop 10 Reasons to E-File Your Taxes
At this point, I don’t know if a top ten list is really necessary, the real question is why wouldn’t you be e-filing taxes? But for those of you out [...]
View ArticleCash in on the Saver’s Credit
Saving for retirement has become a hot button topic over the last few years. We are constantly reminded of the failing system that is Social Security and warned that when [...]
View ArticleTradelog
TradeLog® Software TaxACT Customers – Get 20% off your Tradelog purchase! For traders and investors, tax time can be a real nightmare! They are required to report each individual stock [...]
View ArticleWhat to do if you get a letter from the IRS
The last thing anybody wants to see in our mailboxes is an official letter from the IRS. The IRS sends millions of letters to American taxpayers every year, and as [...]
View ArticleDon’t forget to check out these common deductions | tallahassee.com |...
Some deductions are commonly known, such as mortgage interest, points paid on financing your personal residence, and property taxes. The following are deductions that are sometimes overlooked. via...
View ArticleTaxpayers Abroad Can Choose IRS Free File; Don’t Forget to Report Foreign...
Five Free File companies can handle returns filed from foreign addresses. This means both U.S. citizens and resident aliens living abroad with adjusted gross incomes of $58,000 or less can [...]
View ArticlePayroll Tax Cut Temporarily Extended into 2012
December 23, 2011 – IR-2011-124 WASHINGTON — Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The [...]
View Article5 Reasons Not To Touch Your Retirement Funds
When you’re short on money – whether it’s due to unemployment, illness, or just the urge to buy a new motorcycle – it’s easy to start eyeing your retirement funds. After all, you’ve been contributing...
View Article2017 Tax Extenders Passed: TaxAct Updated
Congress recently extended a number of tax breaks for 2017 that include the extension of a few previously expired deductions and credits. Here’s a look at three of the key provisions that impact...
View ArticleChanges to the State and Local Tax Deduction Under Tax Reform
You’ve probably heard about the adjustments to the state and local tax deduction. The 2017 tax reform made sweeping changes to how much you can deduct. To better understand the changes that went into...
View ArticleAre My Unemployment Benefits Taxable?
Oh no! You just lost your job. After you get over the initial shock, your mind naturally turns to thoughts of how to replace that regular income. Perhaps you’ll seek another job or maybe crank up your...
View ArticleIncome Taxes and Sports Betting in 2018
Welcome to a new day — a day that sports betting fans will remember for the rest of their lives. On May 14, 2018, the Supreme Court struck down a federal law that effectively banned commercial sports...
View ArticleWhat’s new about the home office deduction in 2018?
If you work at home – even just part-time – you may claim a tax deduction for expenses related to your home office. The new tax laws, however, may affect whether you are still eligible to claim those...
View ArticleDid Tax Reform Help Me?
If you ask people whether they think the Tax Cuts and Jobs Act of 2017 helped them or cost them more money, you may hear different answers. If they recently filed their taxes, the foremost thing in...
View ArticleGroundhog Day and Income tax
Tucked inside the Pennsylvania town of Punxsutawney, a magical burrow awaits. Its resident, respected by many as the nation’s leading voice in weather prediction, readies himself for the spotlight. At...
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6 Tax Tips for a Self-Publishing Author
Updated for tax years 2021 and 2022. If you have a story, inspiration, or anything else you want to tell the world, there’s never been a better time to do it. It’s easier than ever before for authors...
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How Are the Childcare Tax Credits Different?
Updated for tax year 2021 The Child Tax Credit (CTC) underwent some hefty changes in 2021: Max credit amount: The child tax credit’s maximum amount increased from the original $2,000 per child to up to...
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4 Benefits to Filing Taxes Early
There’s nothing wrong with filing taxes early. In fact, getting a head start on federal tax filing may be more beneficial than most people realize. Officially, it doesn’t matter how early taxpayers...
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