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How Are Bonuses Taxed? A Quick Explanation

Are Bonuses Taxed Higher Than Your Wages? A Quick Explanation Key takeaways in this articles: The IRS considers any form of additional compensation to your…

Claiming Dependents On Taxes: What You Need To Know

Claiming Dependents On Taxes Article summary: A tax dependent is a qualifying child (or relative) that you can claim for tax deductions and credits on…

How To Know What Tax Rate To Use In Your Return

How To Know What Tax Rate To Use In Your Return Key points in this article: The higher your income is, the higher tax bracket…

Irs Code 971: What the Notice Means & How to Respond

A big part of the work that the IRS does is cross-checking information. As you can imagine, that means they’ll often run into returns and…

Earned Income Tax Credit (EITC): How To Qualify & File

Overview of the Earned Income Tax Credit (EITC) The Earned Income Tax Credit (EITC), also known as the Earned Income Credit (EIC), was established in…

IRS Code 766: What it Means on Your Transcript

Taxes and good news seldom come together, but that doesn’t mean it never happens. Case in point, you might one day receive your tax transcript…

How To Qualify for the $4000 Used EV Tax Credit

It's easy being green, especially when you get a tax credit for it. The time has come for you to buy a new vehicle, at…

Updated Tax Extension Deadline for US Citizens Abroad

The IRS recently reported the guidelines and instructions on when and how to file if you were living or working abroad. Here is an outline…