Are you wondering what documents are needed for an IRS audit? Is the thought of preparing for an IRS audit making your stomach turn? Realize that you are not alone in this feeling. According to the Internal Revenue Service (IRS), in recent years, nearly one million Americans were audited, resulting in nearly 17.3 billion dollars […]
What Documents are Needed for an IRS Audit? Read More »
The Tax Credit for the Elderly or Disabled was designed to help the nation’s seniors and disabled taxpayers by reducing their tax bill by an amount up to $7,500. The great thing about this is that it falls under the category of tax credits rather than tax deductions. This means that it doesn’t just reduce
Tax Credit for the Elderly or Disabled | How to Take It Read More »
There’s no doubt about it; between diapers and daycare, taking care of a child is not a simple task and is certainly not easy on the wallet. Take into account the cost associated with student loans, and it’s true that children are just plain expensive. Luckily, the government understands this and offers parents certain tax
Best Tax Credits for Parents | Tax Year 2020 Read More »
College costs are overwhelming to many students and parents today. Financial aid barely covers the cost of tuition in some instances. Students are often put into debt regarding their student loans because their personal finance situation becomes unmanageable. This even happens with those who have graduated and are using their degree! With education costs being
College & Taxes | How to File Taxes as a Student Read More »
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