These last two tips are for taxpayers who have not yet filed but may be due a refund and those who may need to adjust their withholding. Refunds Require A Tax Return Although workers may not have earned enough money…
Summertime Tax Tips – Part 3
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Summertime Tax Tips – Part 2
Though the higher standard deduction means fewer taxpayers are itemizing their deductions, those that still plan to itemize next year should keep these tips in mind: Deducting State And Local Income, Sales And Property Taxes The total deduction that taxpayers…
Summertime Tax Tips – Part 1
Buying a home? Working a summer job? Volunteering? Activities that are common in the summer often qualify for tax credits or deductions. And, while summertime and part-time workers may not earn enough to owe federal income tax, they should remember…
Educators Can Claim Deduction To Get Money Back For Classroom Expenses
Educators may be able to deduct unreimbursed expenses on their tax return. This deduction can put money right back in the pockets of eligible teachers and other educators. Here are some things to know about this deduction: Educators can deduct…
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Hobby Income – Taxpayer Tips
Many people enjoy hobbies that are also a source of income. From painting and pottery to scrapbooking and soap making, these activities can be sources of both fun and finances. Taxpayers who make money from a hobby must report that…
Watch Out For New Versions Of These Two Tax Scams
With scam artists hard at work all year, taxpayers should be on the lookout for a surge of evolving phishing emails and telephone scams. Taxpayers should watch for new versions of two tax-related scams. One involves Social Security numbers related…
All Taxpayers Should Check Their Withholding ASAP
All taxpayers should check their withholding – also known as doing a Paycheck Checkup – as soon as possible. They should do a checkup even if they did one last year. By checking their withholding, taxpayers can make sure enough…
Need A Last Minute Tax Extension?
Some people get more time to file without asking; Anyone else can request an automatic extension Anyone can request an automatic tax-filing extension, but some people get extra time without asking. The IRS estimates that more than 14.6 million taxpayers…
Five Myths About Tax Refunds
Five Myths About Tax Refunds As the April tax-filing deadline approaches taxpayers are generally anxious to get details about their tax refunds. This has led to a number of common myths about refunds that often circulate on social media. While…
IRS Payment Options
Payment Options For Those Who Owe But Can't Pay In Full Most taxpayers will be affected by major tax law changes, and while many will get a refund, others may owe tax. Many of those owing tax may qualify for…