Tax Strategies
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…
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…
What Form 1099-R Means For Your Retirement: Pensions, IRAs, Retirement or Profit-Sharing Plans
The R stands for Retirement. The 1099 stands for "Pay your fair share, even if you're retired.' Form 1099-R is an important document that…
How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars
Uncle Sam wants you to pay your taxes -- but only with US dollars, please. Taxpayers who earn income in a foreign country or financial…
401k Contribution Limits Increased for 2024
The year 2024 brings good news for retirement savers. The 401k contribution limits are set to increase, allowing individuals to save even more towards their…
How Do Taxes on Gambling Winnings Work?
Gambling activities can be thrilling and potentially lucrative, but it's important to understand the implications of taxes on gambling winnings. By staying informed, you can…
How Are Cryptocurrencies Taxed? When You Pay Taxes on Bitcoin, What’s Your Taxable Income?
And you thought e-filing your taxes was the hottest, new-fangled doodad the IRS tracked. When it comes to cryptocurrency taxes, the Internal Revenue Service treats…
IRS2Go App FAQs
In today's world of electronic streamlining and technological advances, there is an app for everything and the IRS is no exception. The IRS2Go App allows…
