Tax Documents Checklist

Should you continue to itemize or go with the standard deduction now?

Itemizing versus Standard Deduction

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

Want Your Tax Refund Fast?

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

Living Abroad? All U.S. Citizens, (Regardless of Where They Reside), May Need to File and Pay U.S. Income Taxes

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

Estimated Quarterly Taxes: A Simple Overview

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

What the New Tax Laws Mean for Divorcing Couples

Divorcing Couples

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

Who, Why, and How Much? The Earned Income Tax Credit

Income Tax Credit

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

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.

... Read More

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.

... Read More

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.

... Read More

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.

... Read More