The Internal Revenue Service (IRS) offers many deductions and credits that benefit parents and other taxpayers who claim dependents.
To take advantage of these tax breaks, here are seven tax filing tips you need to know.
Beginning this January, besides your usual Form W-2 from your employer, you may receive a new form related to the Affordable Care Act; Form 1095-C. If you purchased or received health insurance outside of the health insurance exchanges in 2015, … [Continue reading]
With the Affordable Care Act came the requirement that nearly every American have health insurance. (This is sometimes also called the individual mandate or individual share responsibility payment.) But people who are healthy may wonder whether … [Continue reading]
Shopping for health insurance is probably not at the top of anyone’s list for fun things to do. But with just a little preparation, you can usually shop for and enroll in a plan in 15-20 minutes. Make sure you avoid these common mistakes, which … [Continue reading]
If you’re planning to retire in the near future, or if you already have, you know that minimizing taxes is an important part of creating a successful retirement plan. You can live on a lot less if you’re not sending a large portion of your money … [Continue reading]
As you may know, the do-it-yourself (DIY) tax preparation software industry has changed a lot over the past few years. In many cases, these changes have made it difficult for taxpayers to determine which DIY tax product is right for their tax … [Continue reading]
You’ve probably heard people complain about having to file their taxes. Perhaps you’re a bit intimidated as a result. With tax season now upon us, the time has come for you to file your very first tax return. Filing your taxes probably isn’t as … [Continue reading]
If you receive money, goods or services, you might have to pay tax on the value of what you receive as taxable income. That’s true for money you earn, as well as, any interest and dividends you receive on your investments. Unless the Internal … [Continue reading]
The Internal Revenue Service (IRS) is probably the last place you expect to find help during financial hardships. However, thanks to certain provisions of the IRS code, help is out there. Many people are unaware that the IRS has a “hardship … [Continue reading]