Tax Documents Checklist
- IRS Direct File software: What happened to it & what should you do if you used this last year?
- States Where the IRS Has Extended the Tax Deadline
- Health Savings Plan Distributions & 1099-SA
- Did you receive a state or local refund last year?
- Do I need to report my Social Security benefits?
- Who can take the Retirement Savings Contributions Credit? (Savers Credit)
- How to Report Gambling Winnings with a Form W-2G
- How Do I Claim Refundable Credits After Disallowance?
- What is an IRS Issued Identity Theft PIN (IP PIN)?
- Who Can Take the Credit for the Elderly or Disabled (Schedule R)?
- Did you collect unemployment compensation from a state or local government assistance program?
- What is the Recovery Rebate Credit?
- How to file for a federal or state income tax extension
- Taxpayer COVID-19 FAQ
- The New Simplified 1040 Tax Form
- Are my alimony payments considered earned or taxable income?
- Using an AGI, Self-Select or IP PIN to verify a taxpayer’s ID
- Do I pay taxes on my unemployment benefits from when I was out of work?
- At what point should my dependent file his/her own tax return?
- What is the marriage penalty?
- If a taxpayer works overseas, do they pay federal taxes on the income? What forms need to be completed?
- Bitcoin and tax liability
- Are all state filing laws the same as federal laws? How do I find out the laws in my state?
- What are capital assets, gains and losses? How do I figure them out?
- Is it still possible to get a tax deduction for charitable giving after the latest tax reform?
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
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
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
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
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
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
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
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
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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