Tag: 2018

Student Tax Credits to Take Advantage of

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

Lifetime Learning Tax Credit – Expenses That Qualify

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 lifetime learning credittuition expenses.

This credit is for you, your spouse, or your dependents that are in an eligible school, and you … Read the rest

What is the Student Loan Tax Deduction?

student tax credits

The student loan tax deduction is your chance to get $2,500 off your interest payments. This is the maximum tax-deductible amount. There are strict limits involved with whether you can claim this credit, though, so you need to be aware of that.

For example, if you earn more than $135,000 as a single taxpayer, you’re … Read the rest

What is the Earned Income Credit (EIC) and How to Qualify

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

How to Get Your W2 Form Online

Tax season will be in full swing come mid-January, which means that taxpayers are trying to get all of their financial documents in order with the hope that their refund will be as large as possible. get w2 form online

When you start to file your taxes, there are a few important documents that you are going to need, Read the rest

The TurboTax TaxCaster Helps You Calculate Tax Refunds

The beginning of tax season is near, and it’s time to get those tax papers in order. If you have all your files organized, you may be eager to get jump-started on figuring out your refund or owed amount.

tax refund calculator taxcaster

Fear not, the TurboTax TaxCaster was built to give you the opportunity to see how much … Read the rest

Educational Tax Deductions and Credits

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

New Homeowner Tax Deduction Tips

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

The TurboTax Tax Refund Calculator is Free to Use

Wouldn’t it be nice to know in advance how much of a refund you’ll be getting back from the IRS? The good news is thanks to the TurboTax calculator you can know in advance how much you’ll get back in taxes in 2020 and it’s super easy to do so.

TurboTax tax refund calculator

Turbo Tax has created a … Read the rest