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
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
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 IRS may not have issued their 2015 Refund Cycle Chart, but there are plenty of them spread throughout the web. However, they are composed of estimates based on trends from previous years. Usually, they are based on how you opted to get your refund – check or direct deposit.
For those of you that didn’t know, there was a $1,000 Child Tax Credit that was developed from the Bush tax cuts. This $1,000 credit was supposed to expire at the end of the 2012 calendar year. However, it has actually been extended!
This is obviously very good news for all of us with children. … Read the rest