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
Are you eligible for a tax refund this year? The world of tax refunds is complicated. What’s the difference between a refundable tax credit and a tax deduction? Which credits am I eligible for? The lack of knowledge surrounding … Continue reading Free Tax Refund Calculator – See Your Estimated Refund!
The Earned Income Tax Credit (EITC) is one of the most valuable tax breaks available to low- and middle-income American taxpayers. It has the potential to lower a person’s tax bill beyond $0, so they could get a refund from … Continue reading How the EITC Supports Low- and Middle-Income Americans
The child tax credit is one of the most common types of tax credits around for American families. But the credit has changed because of the recent Tax Cuts and Jobs Act (TCJA). These changes apply for 2018 and future … Continue reading The Child Tax Credit 2019 is Worth Double
IRS Form 1040 is the basic tax form many Americans will use. It also recently received an overhaul, so the other forms in this category are going to be removed as part of the Tax Cuts and Jobs Act (TCJA). … Continue reading Where to Find IRS Form 1040 and Instructions for 2019, 2020
The world of tax refunds is complicated. What’s the difference between a refundable tax credit and a tax deduction? Which credits am I eligible for? The lack of knowledge surrounding the potential tax refunds on the table means that so … Continue reading Are You Eligible for a Tax Refund This Year?
The Earned Income Tax Credit (EITC) is one of the most valuable tax credits available to lower- and middle-income families. A huge number of families are eligible to claim this credit every year because of their income and the number … Continue reading Earned Income Credit Table Amounts 2019