Tag: tax

Student Tax Credits to Take Advantage of in 2016, 2017

Pin It

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

Try TurboTax 2016 to Calculate Your 2015 Obamacare Tax Credit

Pin It

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 theObamaCare calculate health care creditir 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

Educational Tax Deductions and Credits

Pin It

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 education tax deduction credityou with the costs of your education.

One of the tax credits is the American Opportunity Credit and another is the Lifetime Read the rest

How Your IRS Income Tax Refund is Calculated

Pin It

Many US taxpayers look forward to receiving their tax refunds during the tax season. However, if you have never prepared your own tax return, it can be mysterious as to how the refund amount you receive is determined. The good news is the process is easy.

Once your taxable income has been determined, a tax Read the rest

When to Expect Income Tax Refunds

Pin It

One of the top questions that taxpayer’s research from the middle of February until April 15 is when they will receive their income tax refund. This answer depends on a few things; however, the good news is there are numerous tools that can assist you with an estimation date.Tax Refund - Red Button

First, if you file your tax … Read the rest

Here’s How to Claim the Child Tax Credit

Pin It

For those of you that didn’t know, there was a $1,000 Child Tax Credit that was developed fromHow to claim the child tax credit 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