What You’ll Need for Stress-Free Tax Filing

What-You-will-Need-for-Stress-Free-Tax-Filing

The prospect of filing your own taxes can sometimes seem a bit stressful. If you’re an inexperienced tax filer, you may not know quite what to expect. If you’re a seasoned filer, annual tax law changes may create new questions for you.

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Social Security Benefits: How and When They’re Taxed

Social Security Benefits: How and When They're Taxed

In 2017, nearly 62 million people collected Social Security benefits, the federally administered old-age, retirement, and disability insurance program.

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Beware of the Latest in Tax Scams

Beware of the Latest in Tax Scams

It’s more important than ever to protect yourself from the criminals who would do anything to scam you out of your hard-earned money. One of the biggest areas in which these criminals try to con you is tax related, because they realize most law-abiding citizens respond when ethe Internal Revenue Service contacts them.

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5 Common Tax Questions and Their Answers

5 Common Tax Questions and Their Answers

Educators often reassure students that in their attempt to understand the subject matter at hand, there are no wrong questions. This principle applies equally to understanding taxes, and the following are some of the most important questions and answers for taxpayers to become familiar with in order to educate and empower themselves. 

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Tax Breaks for Entrepreneurs

Tax Breaks for Entrepreneurs

American identity is created in part by the idea of the self-made man or woman, and perhaps nowhere else in the world is the entrepreneurial spirit so enthusiastically celebrated. But as anybody who’s owned his or her own business will attest, being an entrepreneur isn’t for the faint of heart.

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Adopting a Child What the 2018 Adoption Tax Credit Means to You

Itemizing versus Standard Deduction

If you or someone you know are thinking about adopting a child, you’ll want to be aware of the 2018 adoption tax credit to offset the costs of the adoptive process.

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Student Loans What They Mean for Your Taxes

Student Loans What They Mean for Your Taxes

If  you’re a college or university student (or have been in the past), there’s a good chance that you procured a student loan to cover your tuition costs, and in the interest of taking good care of your finances, both present and future, you’ll want to be aware of what your student loan means to your taxes.

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Tax Residents and Non-Tax Residents How to Tell the Difference

Tax Residents and Non-Tax Residents: How to Tell the Difference

When it comes to individuals subject to U.S. taxation, there are two classes: tax residents and non-tax residents. Immigrants to the U.S. frequently wonder about the technicalities of their status and what taxes, if any, apply to them.

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Why the U.S. Tax System is Dizzyingly Complex

Why the U.S. Tax System is Dizzyingly Complex

“The tax code is 10 times the size of the Bible, with none of the good news,” once joked former U.S. Rep. Dave Camp, who pushed for extensive overhaul of the U.S. tax code during his time as chairman of the House Ways and Means Committee.

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Congrats On Your New House! Common Tax Questions Answered

You did it! You found the perfect home, navigated the mortgage process, and now it’s all yours. And whether this is your first house or your fifth, you probably have some questions about what this new purchase will mean for your taxes. Let’s answer some of the most common ones. What is the mortgage interest deduction? Believe it or not, every penny of interest you pay on your mortgage is tax deductible! That means that if, say, $800 of your monthly mortgage payment goes to interest each month, you can deduct $800 x 12 for the year = a whopping

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