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Where to Find IRS Form 1040 and Instructions for 2020, 2021

August 7, 2020August 8, 2020 frankie1266

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 2020, 2021

tax, tax credits, UncategorizedLeave a comment
child care

Child & Dependent Care Tax Credit & Calculator (2021, 2022)

August 7, 2020November 15, 2021 frankie1266

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 (2021, 2022)

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Current Mileage Rate Tax Deduction for Business Vehicles 2020, 2021

August 7, 2020August 8, 2020 frankie1266

If you run a small business and you use a vehicle to keep it running, you could have the chance to deduct the expenses of running that vehicle on your next tax bill. There are two mechanisms in common usage … Continue reading Current Mileage Rate Tax Deduction for Business Vehicles 2020, 2021

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Reasons Why Taxes Won’t Be Freezing You Up This Winter

August 1, 2019August 1, 2019 frankie1266

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

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military tax filing

Do You Work for the Armed Forces? You May Be Entitled to Extra Tax Benefits

July 24, 2019July 24, 2019 frankie1266

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

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IRS Federal Tax Brackets

Will Capital Gains Put Me Into a Higher Tax Bracket?

May 9, 2019 frankie1266

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?

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medical expense tax deduction

Medical Expenses Tax Deduction 2020, 2021

May 6, 2019August 8, 2020 frankie1266

Medical expenses are high in the US. They can be difficult to pay along with a major tax bill at the end of the financial year. The good news is that the IRS does make medical expenses partially deductible. So, … Continue reading Medical Expenses Tax Deduction 2020, 2021

tax creditsLeave a comment
residential energy tax credits

Residential Energy Tax Credits

April 22, 2019April 22, 2019 frankie1266

Residential energy tax credits give you the chance to upgrade your home with renewable energy improvements and get help with the cost through a tax credit. As of now, the credits are good through 2019. They come in the form … Continue reading Residential Energy Tax Credits

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IRS Federal Tax Brackets

IRS Federal Tax Brackets

April 17, 2019April 17, 2019 frankie1266

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

tax refundLeave a comment
tax refund calculator

Free Tax Refund Calculator – See Your Estimated Refund!

April 15, 2019April 15, 2019 frankie1266

  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!

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