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Tax Deductions

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…


Are Union Dues Tax Deductible?

As a member of a labor union, you may be curious to know if union dues are tax deductible. The answer is yes, but there…


“Status: It’s Complicated” Breaking Down the Head of Household status, Spouse vs Dependents, and How Many Allowances You Can Claim

"Can my wife be a dependent?" Only if you wanna sleep on the couch. Are You The Head of Household? This filing status allows for…


The Other Tax Credit for Children: What is the Child Care Tax Credit and How Does It Work?

A credit for taking care of kids. A credit for having kids. Now where's the tax credit for teenagers sass? The Child Care Tax Credit…


What Will the Daycare Tax Credit Actually Pay for? Let’s Take Care of That Child and Dependent Care Tax Credit

Also known as the "Keeping Mommy Sane" tax credit. What Is Form 2441: Child and Dependent Care Expenses? Form 2441: Child and Dependent Care Expenses…


How to Qualify for the IRS De Minimis Safe Harbor Election

 My Latin might be rusty, but is this the business equivalent of "don't sweat the small stuff"? De minimus is Latin for "not a big…