5 Common Mistakes to Avoid On Your Tax Return
Are you spending countless hours organizing and preparing your income tax return? According to the IRS, the average American spends approximately 12 hours preparing a Form 1040 income tax return. With...
View ArticleKey Tax Benefits to Receive a Bigger Tax Refund
Do you dread income tax time every year? Well if there is one thing to remember during income tax time, to maybe ease the process, remember this: Three out of four taxpayers receive a federal refund,...
View ArticleTax Savings for Parents: Tax Credits and Deductions Parents Need to Know
Do you have children? Though your little bundle of joy taps into your pocket book throughout the year, but during tax time, they can help you put money back into your pockets. According to the U.S....
View Article3 Tax Mistakes Parents Make That End Up Costing Them
What are the most common tax mistakes parents make that cost them money at tax time? There’s more to being a parent at tax time than claiming another exemption on your return. Tax professionals see...
View ArticleClik here to view.
Keep More Money in Your Pocket with the 2014 Earned Income Tax Credit (EIC)
The 2014 Earned Income Tax Credit, or EITC (also know as EIC), is a credit designed for lower income working individuals and families. It is intended as an additional reward for working, thus the...
View ArticleClik here to view.
How to Maximize Tax Deductions and Credits
Paying income taxes is the civic duty of all Americans, with the money helping to pay for national defense, highways, schools and police departments, among other things. While we’re happy to pay our...
View ArticleClik here to view.
7 Tax Filing Tips Parents Need to Know
The Internal Revenue Service (IRS) offers many deductions and credits that benefit parents and other taxpayers who claim dependents. To take advantage of these tax breaks, here are seven tax filing...
View ArticleClik here to view.
5 Popular Tax Credits — Do You Qualify?
There’s a good reason why people love tax credits. Unlike tax deductions, which lower your taxable income, tax credits lower your tax bill dollar for dollar. However, not every tax credit is the same....
View ArticleClik here to view.
What Happens If I Don’t File My Taxes?
It’s easy to put off filing your taxes. Life is jam packed with places to be and things to do. Finding time to organize your tax information and complete your return may seem hard. If you’re like many...
View ArticleClik here to view.
What is the Earned Income Tax Credit?
The Earned Income Tax Credit (EITC) is a special credit that helps working taxpayers in lower income levels. If you qualify, the EITC will reduce the amount of tax you owe and potentially give you a...
View ArticleClik here to view.
2018 Tax Changes You Need to Know
The Internal Revenue Service (IRS) recently announced several tax changes for 2018. And like most years, these changes include updates to the income tax brackets and standard deduction amounts along...
View ArticleHow to Maximize Tax Deductions and Credits
Paying income taxes is the civic duty of all Americans, with the money helping to pay for national defense, highways, schools and police departments, among other things. While we’re happy to pay our...
View ArticleClik here to view.
Deductions vs. Credits: How Do They Affect My Refund?
We all want to get every last one of our hard-earned dimes back from the IRS. Fortunately, working with TaxAct® means you don’t need a master’s degree in accounting to put the figures in your favor....
View Article
