For the 2018 tax year, following the Tax Cuts and Jobs Act of 2018 the IRS will reduce the types of allowable deductible expenses for itemized tax returns.
... Read More
Maybe you don’t look forward to doing your taxes. However, if you are one of the millions of Americans who expects a tax refund, you are most likely looking forward to receiving it.
... Read More
“For some taxpayers, it will be a little simpler, for some it will be more complex, but overall it will be familiar and folks won’t think of it as some drastic change,” said Joseph Rosenberg, a senior researcher at the nonpartisan Tax Policy Center.
... Read More
Most Americans, residing inside the United States, understand that filing an annual tax return and paying taxes is a necessity each year. But for Americans residing outside of the United States there are sometimes questions about who needs to file and pay.
... Read More
When you are an employee of someone, it’s your employer’s responsibility to ensure that federal and state taxes are being withheld from your paychecks.
... Read More
Childcare expenses can add up quickly, and for many working people can comprise a significant percentage of their income.
... Read More
Divorce is not a pleasant subject to contemplate, and the impact of divorce on your taxes can add further complexity to situations that are already daunting enough.
... Read More
The Earned Income Tax Credit (EITC) is not one of the tax code’s best-understood provisions, but it is one that can be of benefit to a large portion of the American populace.
... Read More
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?
... Read More
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.
... Read More