Tax Preparation
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…
How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/IRS_Exchange_Rates_Explained_for_Expats.mp4"][/video] Taxpayers who earn income in a foreign country or financial assets in foreign currencies must report their earnings and assets in…
Tax Preparation Checklist
What You Need to File Your Taxes in 2022 Preparing your tax return requires a lot of information, so it’s a great idea to have…
How to File a Tax Return: Get Started Here
Time for a tax return to basics. Form 1040: How to File a Tax Return You have several options for filing your federal…
Refundable Tax Credits vs. Non-Refundable Tax Credits
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/refund_vs_no_refundable.mp4"][/video] Sometimes credits can be too much, and we mean that in every sense of the word. Thankfully, tax credits offer…
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…
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…
