Tax Deductions
The Real Answer: “I’m a Single Parent: How Many Allowances Should I Put on My Form W-4?”
1 or 0? But the answer is, there's an art to doing your taxes. If you are a single parent with one child and are…
What’s the Non-Refundable Child and Dependent Care Tax Credit for and What Does It Mean for Working Families?
One more reason to love those adorable bundles of tax breaks. The non-refundable Child and Dependent Care Tax Credit is designed to ease the financial…
Understanding Which Buttons to Push on Your Earned Income Credit Calculator
Even though it does add numbers, this calculator doesn't work like normal calculators. What is an Earned Income Credit Calculator? An Earned Income Credit (EIC)…
How Many Cents Per Mile Can You Claim on Your Tax Return? Well, Your IRS Mileage Rate May Vary
This is where the term "Your mileage may vary" comes in. The IRS mileage rate, also known as the standard mileage rate, is the rate…
Who Qualifies for the Earned Income Tax Credit, How Do They Qualify and How Much Is the Credit?
Getting paid for getting a paycheck? Yes please. Qualifications for Earned Income Credit Earned Income Credit (EIC) is a federal tax credit designed to provide…
EITC Schedule: What’s the Soonest You Can Expect Your 2023 Earned Income Tax Credit Refund To Arrive?
The IRS has deadlines, too? What's the EITC Refund Schedule? The Earned Income Tax Credit (EITC) is a tax credit for lower-income working families, and…
Cash in on That Education: Go to School on Educational Tax Credits
Wow, that degree is worth something before you even finish it! What are Education Credits and Two Common Tax Credits? Education tax credits are tax…
What Is Earned Income When It Comes to Filing My Tax Returns?
It sounds like a philosophical question, but really, the IRS just wants the paperwork done right. What does "earned income" really mean when calculating your…
