Let’s explore the concept of standard deduction and itemized deductions. We’ll provide a simple and concise explanation of these terms and illustrate with examples to help you determine which option might be more beneficial for you.
Which One is Better for Me? Standard Deduction or Itemized Deductions Read More »
When you sell your primary residence, you may be subject to capital gains tax. However, IRS provides certain exclusions that can help you reduce or even eliminate this tax.
Capital Gains Tax on the Sale of Your Primary Residence Read More »
While some states levy a hefty income tax, others offer a tax-free haven to their residents. This article will explore the nine states that do not impose an income tax.
Tax-Free Paradises: No Income Tax States in the USA Read More »
Innocent spouse relief can help you not have to pay extra taxes if your spouse didn’t pay enough taxes on your joint tax return and you didn’t know about the mistakes.
Innocent Spouse Relief: A Lifeline in Tax Troubles Read More »
Low Income Taxpayer Clinics (LITC) assist low income individuals who have a tax dispute or tax refund problem with the IRS, and provide education and outreach to individuals who speak English as a second language (ESL).
Do You Have Tax Refund Problems with IRS? Read More »
IRS understands that life can be unpredictable, and sometimes events occur that prevent taxpayers from meeting their tax responsibilities on time. Here is how to request IRS penalty relief.
How to Request IRS Penalty Relief Read More »
Tax Penalties! Interest and Penalties Start Immediately If you don’t pay your tax bill in full by Tax Day (tax filing due date), the IRS will charge interest on the outstanding amount. Additionally, you may face a late-payment penalty (sometimes called a “failure-to-pay penalty”) of 0.5% per month, with a maximum penalty of 25% of your unpaid taxes. Notices Start to Arrive
What Happens If You Don’t Pay Your Taxes? Read More »
Check You Refund Status at IRS Official Website 1. Go to IRS Refund Status by clicking the button below 2. Enter Your Information Click “SUBMIT”. 3. Check Your Refund Status Results You will be albe to see your refund status including expected refund amount.
Where is My Refund?: Check your refund at IRS website Read More »
Understanding the 2024 Child Tax Credit In 2024, there’s talk about changing the Child Tax Credit to help families more.The House said yes to a plan that could let parents get more money based on their income. But, the Senate hasn’t decided yet, so we don’t know if it will really happen. Some states are
Waiting For 2024 Child Tax Credit Payment? Read More »
Need more time to prepare your income tax return? Let’s see how to file tax extension.
How To File Income Tax Extension 2024 Read More »
