You have finally decided to make some long awaited improvements on your home. As you finalize your plans you should really consider taking advantage of potential tax credits for your home. Make sure you incorporate upgrades that not only will improve the look of your home but its energy effectiven... [Read More...]
Earned Income Tax Credit (EITC) is a refundable credit. Refundable credits can actually increase your federal refund. Think of EITC as a ‘payment’ the Federal government gives to low- to moderate- income workers to get a break when they do their taxes. The catch is not everyone qualifies for EITC... [Read More...]
Before you efile your federal taxes this year, you may want to take a moment to get to know the standard deduction a little better. A standard deduction is a dollar amount, based on filing status, which reduces income on which you are taxed, with additions for age or blindness. This differs from ite... [Read More...]
Most people are employees and their employer withholds taxes every paycheck to pay the Federal and State governments. At the end of the year you file your taxes and receive your tax refund. Happy, happy- joy, joy! You are one of the lucky ones. However, things don’t quite work out this way... [Read More...]
No matter what you could want when it comes to doing your taxes, the IRS has probably got a publication out there to explain it. Coupling your publication with TaxSlayer.com tax software makes doing your taxes online a piece of cake. Here are a few of the most popular IRS publications.
1. Publica... [Read More...]