Did you spend any money on childcare expenses this year? You can get some of that back by claiming the Child and Dependent Care Tax Credit. You can also use the child and dependents tax credit calculator to see how … Continue reading Child & Dependent Care Tax Credit & Calculator (2020, 2021)
Do you like the idea of being able to professionally file your taxes for free? The IRS – TurboTax Free File Alliance is valid for this coming tax year. It’s a partnership between the IRS and private online tax preparation … Continue reading TurboTax Freedom Edition 2020, 2021
Are you looking to plan early for your taxes, but you’re freezing up because you’re afraid it’s just going to stress you out? It’s time for you to thaw out in the sun of knowledge when it comes to your … Continue reading Reasons Why Taxes Won’t Be Freezing You Up This Winter
If you’re a member of the military, or a member of your family is, you may be able to take advantage of some special tax benefits. For example, certain types of income aren’t taxed for members of the armed forces. … Continue reading Do You Work for the Armed Forces? You May Be Entitled to Extra Tax Benefits
The answer to this question is complicated. When you receive profits on the sale of a home or property, these profits are considered taxable income by the government. However, you have to factor in all other tax information such as … Continue reading Will Capital Gains Put Me Into a Higher Tax Bracket?
Every year the IRS adjusts its different tax brackets in order to make sure that inflation doesn’t inadvertently push people into higher tax brackets. This is known as bracket creep and there are 40 different provisions that are taken into … Continue reading IRS Federal Tax Brackets