How to Go About Filing an Amended Tax Return

How to Go About Filing an Amended Tax Return

With all the complexities of the US tax code; there are times when mistakes are made on a tax return. So what do you do when you need to amend your income tax return?

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Tax-related Records: How Long Should You Keep Them?

Tax-related Records: How Long Should You Keep Them?

Tax filing requires having certain records on hand to refer to when documenting your income and other tax-related variables. But after you’ve filed your taxes, it’s not uncommon to wonder just how long you need to keep these documents.

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Medical Expenses: Tax Deductions Can Bring Relief

Medical expenses that are paid out of pocket — such as deductibles, clinic co-payments, prescription drugs, dental and vision care, and other healthcare costs not covered by insurance — are possible tax breaks.

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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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