Extra tax savings for parents

According to the U.S. Department of Agriculture, it will cost a middle-income family approximately $226,920 to raise a child born in 2010 through age 17. Fortunately, the cost per child decreases for additional children and may be less depending on your cost of living. Continue reading »

Make Sure to Avoid These Common Filing Errors

If you haven’t yet filed your federal tax return; make sure you have already reviewed the most common errors to prevent an e-file rejection from the IRS before submitting. Continue reading »

Countdown to Filing Due Date

For those who haven’t yet filed their federal return, due April 17, 2012, make sure to count through these tips as you count down the days.

5 of the most common tax return errors have nothing to do with the complex tax code. They’re human errors.

1. Incorrect SSNs
2. Misspelled names, esp. dependents
3. Incorrect birth dates
4. Incorrect bank account numbers
5. Incorrect PIN or AGI from last year’s return (needed to e-file this  year – TaxACT helps you find this info quickly) Continue reading »