What if we missed a form? What’s the procedure for that? In that case we may need to amend our tax returns. For anyone who thinks that may have to do that, here is some information to help it be as painless as possible.
Many individuals will be working to gather their tax documents to complete their 2020 taxes. Although the tax deadline was extended until May 17th, the deadline always seems to sneak up quickly. I know you may have a lot on...
The average direct deposit tax refund was close to $3,000 last tax season, and with tax season well underway, it’s no surprise that the most common tax season-related question we’re now hearing is: “Where’s my refund?” The time it takes...
Today is National Earned Income Tax Credit Awareness Day! The Earned Income Tax Credit (EITC) is the country’s largest program for working people with low to moderate income. According to the IRS, about 25 million eligible filers received the EITC...
For those who itemize their deductions, it’s one of the stranger parts of the tax code. First, you get to take a deduction of your state and local taxes, then all of a sudden the next year you get a...
Last tax season, the average direct deposit tax refund was more than $3,000. If you are expecting a tax refund this tax season and you’ve been thinking about starting a side hustle or self-employed business, that kind of money can...
What could you do with over $3,000 in your pocket? A lot, right? Well, if your tax refund is anything like the average direct deposit tax refund last year, you could be expecting a little over $3,000 for your tax...
Normally, since you didn’t pay taxes, you aren’t eligible for a tax refund. But there are conditions that can result in being able to receive a tax refund, even if you are exempt from paying taxes.
For the longest time, I thought I only had to pay taxes based on where I lived. If I spent the whole year in Maryland, I’d only owe Maryland taxes, right? Wrong. If you thought the same thing, you aren’t...
Does it seem like 2016 is flashing by quickly? If you’re like me, you’ve been so swamped with things to do at work and home that you haven’t had time yet to submit your tax return. We’re unpacking from our...
