When you start to file your taxes there are a few different documents that you are going to need to access … Read the rest
It is impossible to escape the stress that comes along with tax season completely. However, it would be nice to know in advance how much we have to pay the IRS or how much we can expect to receive back. The good news is thanks to Turbo Tax you can know in advance and it … Read the rest
Congrats on becoming a homeowner. We know you want to get your home customized to your liking, but it is important to keep track of your expenses and finances since your tax situation has now changed. Therefore, today we are going to provide you with some new homeowner tax deduction tips so you can take … Read the rest
Anyone running a business is aware of how crucial good record keeping can be. Today there are more than 4.5 million businesses using QuickBooks software. It’s the most popular accounting software in the world. The problem is that so many businesses aren’t getting the most out of QuickBooks.
This guide is going to show … Read the rest
The Earned Income Tax Credit, also known as the EIC and EITC, is a tax credit for individuals who only make an annual income that is considered low or moderate. Your filing status and your income determine the amount of the credit.
If you are able to qualify for the credit your federal taxes will … Read the rest
If you or someone you claim on your tax return is going to college this fall, some of your costs could save you money when tax season kicks off. You may be eligible for a tax credit on your federal tax return. Therefore, today we are providing you with tax credits and tips for back … Read the rest
Since January 2014 the Affordable Care Act mandates that majority of Americans have health insurance or pay a tax penalty. If taxpayers decide to obtain their health insurance through the Health Insurance Marketplace, they potentially could get tax credits that could make their monthly premiums more affordable.
These tax credits are for those who … Read the rest
The Lifetime Learning Credit is for those who attend college classes. It allows them to get a 20% tuition expenses credit with a phase out limit of $2,000 in tax credits on their first $10,000 of tuition expenses.
This credit is for you, your spouse, or your dependents that are in an eligible school and … Read the rest
The cost of education is always rising. However, if you are someone who wants to grow your knowledge base you will be happy to know that education tax deductions and credits can help you with the costs of your education.
This year regardless of if you are a college student or recent graduate it is mandatory for you to have health insurance during 2014. Poor health may not be something that concerns you, but the Affordable Care Act requires most Americans to have health insurance even if it is a minimum policy.
If you have … Read the rest