Capital Gains Tax on Real Estate
What is the capital gains tax in the US? Basically, it’s the income tax you pay on the profits from capital assets. In other words, if you sell your home for a profit, this counts as a capital gain....
View ArticleSix Ways New Parents Can Save on Taxes
If you had a baby recently, they are bringing you more than joy this year. They also bring in bundles of tax savings for you during tax season. New Parents Tax Guide When you become a parent, you get a...
View Article6 Ideal Ways to Get Organized for Tax Season
As the holiday season continues, you might be tempted to put off your taxes until the second week of January. However, the holiday season is a crucial time for you to get some last-minute tax...
View ArticleDeducting Mortgage Points on Your Tax Return
If you have decided to purchase a home, you know that your mortgage is one of your largest debts – if not the largest. You may also find yourself paying fees known as “mortgage points.” The good news...
View ArticleFive of the Most Common Tax Questions
Tax season will be here before we know it. Therefore, tax questions will be being asked left and right. There will be questions about claiming parents as dependents, deducting books for college, and...
View ArticleE-File to Jumpstart Your Tax Refund
The IRS always suggests filing as soon as you have all of your tax forms and documents together. By doing so you will be able to have your tax return processed and receive your refund quickly. In some...
View ArticleHow to Claim the Medical Expense Deduction on Your Taxes
Did you spend a big portion of your income on medical care this tax year? Then you may be able to claim the medical expenses deduction. To qualify, you need to have spent 10% or more of your adjusted...
View ArticleWhich 1040 Tax Form Should You File?
Are you unsure which form you should be using to file your federal taxes? Many people use their computers to e-file tax forms because it’s easy and the tax software will automatically select the best...
View ArticleWhat is the Earned Income Tax Credit and Can I Claim It?
The Earned Income Tax Credit (EIC) is one of America’s most popular tax credits. It’s designed to help out low and middle-income earners. If you meet the guidelines for claiming the credit, this is one...
View ArticleTax Credits and Deductions for Parents & Families
Children can reduce the amount of taxes you pay every year. There are many tax credits and deductions for parents. When filing your federal tax returns, look out for these benefits: Child Tax Credit:...
View ArticleLong Term Capital Gains Tax Rate
The IRS wants taxpayers to consider investing long-term. That’s why you pay much less on any capital gains if you decide to hold your investments for longer. When you hold your investment for longer...
View ArticleHow to Handle a Fraudulent Tax Return
Identity theft is something that is all too common in this day in age. You may not want to believe it but numbers show us that it is more common than anyone likes to think. According to the Wall Street...
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Six Ways New Parents Can Save on Taxes
If you had a baby recently, they are bringing you more than joy this year. They also bring in bundles of tax savings for you during tax season.New Parents Tax GuideWhen you become a parent, you get a...
View ArticleTips for New Side Business Owners
You have just started a new side business, congratulations. However, your work is just beginning. You will have to manage your time, display your talents, and manage your home and career life. This is...
View ArticleDeducting Mortgage Points on Your Tax Return
If you have decided to purchase a home, you know that your mortgage is one of your largest debts – if not the largest. You may also find yourself paying fees known as “mortgage points.” The good news...
View ArticleFive of the Most Common Tax Questions
Tax season will be here before we know it. Therefore, tax questions will be being asked left and right. There will be questions about claiming parents as dependents, deducting books for college, and...
View Article3 Best Tax Credits for Having Children
Having children will be one of the most expensive decisions you’ll ever make. Uncle Sam has your back because when you have children, you’re entitled to a number of tax credits.We have a list of the...
View ArticleE-File to Jumpstart Your Tax Refund
The IRS always suggests filing as soon as you have all of your tax forms and documents together. By doing so you will be able to have your tax return processed and receive your refund quickly. In some...
View ArticleClik here to view.
Time to File Your Tax Returns With TurboTax!
Tax season will officially open in mid-January, which is just around the corner, but you don’t have to wait to file your tax returns.The well known tax service company TurboTax will be accepting...
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How to Claim the Medical Expense Deduction on Your Taxes
Did you spend a big portion of your income on medical care this tax year? Then you may be able to claim the medical expenses deduction. To qualify, you need to have spent 10% or more of your adjusted...
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