Everyone hates taxes; for many reasons too. Taxes are complex, expensive, confusing, time consuming, and frustrating. For these reason, filing a tax return can seem nearly impossible to most people; however, having even a basic understanding of tax processing and terminology can help alleviate the stresses of taxes.
Did you pay someone to care for a child, spouse, or dependent last year? If so, you may be able to claim the Child and Dependent Care Credit on your federal income tax return. Below are the top 10 things the IRS wants you to know about claiming a credit for child and dependent care expenses.
There are many records you have that may help document items on your tax return. You´ll need this documentation should the IRS select your return for examination. Here are five tips from the IRS about keeping good records.
The Internal Revenue Service sends millions of letters and notices to taxpayers every year. Here are eight things taxpayers should know about IRS notices – just in case one shows up in your mailbox.
Looking for a new job is not fun in a difficult economy. Luckily, most of your job-hunting expenses are tax deductible. Here is a list of deductions you can take at tax time to save you money…and increase your tax refund.
When it comes to getting a bigger refund…make sure you using all available tax deductions and credits. There are deductions and credits for education, work, home, medical, children, and more. Reducing your taxable income and tax bill, will get you a bigger refund.
Most married couples file jointly to reap the benefits of the tax law; however, there are times when it can be more beneficial to file separately. Read the pros and cons and decide for yourself.
Did you know that you can deduct home remodeling costs on your tax return if the changes were made to accommodate a medical condition? That includes installing ramps, widening doors & hallways, even lowering counters & cabinets. Find out what other medical costs are eligible for tax deduction.
Information about having your tax return by direct deposit.
Every year millions of Americans anxiously await their yearly tax refunds from Uncle Sam. If you are one of the thousands expecting a tax refund, here is some useful information you may not know about, as well as suggestions to get your money faster.
How to spend your tax return.
If you are one of the millions of Americans expecting a tax refund this year, you may be asking yourself, “How do I spend my refund?” Find out how to put your refund money to good use by spending it wisely.