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Tax Deductions

5 Popular Itemized Deductions

Commonly Used Tax Deductions for Individuals   When you prepare your tax return, you have the option of claiming the standard deduction or itemized deductions.…


Tips for Filing a Late Tax Return

File Your Past Due Tax Return to Avoid Further Penalties It is recommended that you file any tax returns that are due, whether or not…


Life Events That Can Impact Your Taxes

A change in life circumstances, whether good or bad, can affect your tax return. >> Start Your FREE E-file Here are some instances where you will…


How Does a Health Savings Account (HSA) Work?

Offset Health Care Costs With an HSA   Health Savings Accounts (HSAs) are designed to help individuals offset the health care costs associated with High…


Tax Tips To Report Your Hobby Income

Is your favorite pastime classified as a business or a hobby? Here’s how the IRS sees it. Millions of people enjoy having hobbies — whether…


Are You Subject to the Alternative Minimum Tax (AMT)?

Learn About AMT Rules & Guidelines   The Alternative Minimum Tax (AMT) is basically an income tax system that runs parallel to the regular income…


What To Do If You Get a Notice From the IRS

Tips for Responding to a Federal Tax Notice Every year, the IRS sends millions of letters and notices to taxpayers for various reasons. There are…


Free Tax Assistance Is Available

The tax code is adjusted every year and it can be a lot to keep up with. Sometimes your life situation changes and you’re unsure…