This week the IRS issued two types of guidance for taxpayers, responding to the need for charitable donations and other relief efforts due to the Ebola outbreak in Guinea, Liberia and Sierra Leone. The first provides special relief intended to...
The deadline to file your tax return is coming up fast, but that doesn’t mean you can’t make sure you’re getting all the tax benefits you deserve. For busy parents who are crunched for time, I’ve compiled a list of tax credits and exemptions that can help as you prepare your taxes.
Tornados, high winds, and baseball-sized hail wreaked havoc on the South and Midwest last week and over the weekend. The IRS announced that it will provide penalty relief to taxpayers impacted by the storms who were not able to file or pay taxes due until after the April 15th tax deadline.
“What or Who is my Dependent?”, continues to be the most asked questions every tax season and with dependents helping you qualify for tax breaks we see why you’re asking. You may be wondering, “can I claim my mother, brother, girlfriend, cat?” Here is our motion graphic to help you.
Hurricane Sandy and other natural disasters can be devastating for the individuals impacted. You can never replace the personal items lost, but the IRS offers some relief. Jim Wang tells us how to claim a casualty loss when the unexpected happens.
The end of summer is upon us, and for the nation’s parents, that means one thing: back-to-school time. As in years past, stores are heavily promoting pens, notebooks, clothing, and other items families are sure to stock up on over the coming weeks. But what many parents may not be aware of are the sales tax holidays many states offer to make back-to-school shopping more affordable.
Our taxes are largely tied to how much money we make. If you find yourself making more, chances are you’ll need to pay more, and if your income goes down you’ll probably find that you’re paying less. If you’re expecting a major change in income here are a few things to pay attention to so that you can make the most of it.