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Tax Deductions

Refundable Tax Credits vs. Non-Refundable Tax Credits

Sometimes credits can be too much, and we mean that in every sense of the word. Thankfully, tax credits offer some much needed relief to…


Should You Itemize Your Deductions?

Tax Tips for Claiming Itemizing Deductions vs. the Standard Deduction When you are filing your 1040 tax return, right before you compute your final taxable income, you…


Understanding The Standard Tax Deduction

Claim the Standard Deduction on Your 1040 Return to Lower Your Income Tax Liability Are you going to take the standard tax deduction, or will…


Which Tax Form Should You File?

Federal Tax Returns Have Undergone Several Changes Over the Past Few Years There used to be several different versions of the federal individual income tax…


5 Top Tax Deductions for Individuals

Don’t Miss Out on Deductions That Reduce Your Income Tax Liability One of the best ways to reduce your income tax liability (and possibly increase…


Tax Filing Season Begins February 12

Tax Tips & Information for Filing Your 2020 Income Tax Return The IRS announced that the 2021 tax filing season will begin on Friday, February…


How to File Your Federal Income Tax Return

Tax Tips and Steps for Filing Taxes With the IRS: Form 1040 or Form 1040-SR If you are living and/or working in the United States,…


How Get a Copy of Your Past Tax Return (For Free)

 Getting a full copy or a transcript of your past tax returns is possible, but why would you want one? I mean, the past…