This article was published by the IRS. Taxpayers need to know their correct filing status and be familiar with each option. Generally, the taxpayer's filing status depends on whether they are single or married on Dec. 31 and that determines their status for the whole year. However, more than one filing status may apply in certain [...]
This video was published by the IRS. If you didn't make a lot of money last year, you might be able to claim the Earned Income Tax Credit when you file your taxes. You don't need to have any children to qualify, but if you do, the credit could be worth several thousand dollars. To qualify, [...]
This article was published by the IRS. The Internal Revenue Service has issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel [...]
This video was published by the IRS. Did you know that if there are mistakes on your tax return, it can take longer to get your refund? Worse yet, you may owe additional tax. Many common errors can be avoided by going slowly as you walk through each step of preparing a tax return. One example [...]
This article was published by the IRS. When people get ready to file their federal tax return, there are new things to consider when it comes to which credits to claim and what deductions to take. These things can affect the size of any refund the taxpayer may receive. Here are some new key things people [...]
