Many parents claim the child tax credit to help with the cost of raising children. This year the credit may help even more parents because the income limit for those who qualify has increased to $400,000 for married couples filing jointly and $200,000 for all other filers. Also the credit amount for each [...]
With hurricane season underway, the Internal Revenue Service is reminding taxpayers that criminals and scammers often try to take advantage of the generosity of taxpayers who want to help victims of major disasters. Hurricane season runs June 1 to Nov. 30, and taxpayers need to be vigilant of scams that will undoubtedly pop up when and [...]
[youtube https://www.youtube.com/watch?v=drh1UUCMMLk]When you find yourself owing the IRS at tax time, there are several different ways to make these payments. Among these are three ways to pay electronically: Online Phone IRS2Go Of these options, the best one is usually paying online using IRS Direct Pay. Direct Pay lets you make a payment online directly from your [...]
[youtube https://www.youtube.com/watch?v=6FSOyxkhxdM]You may be wondering how your taxes will be affected next year due to the new tax laws that are now on the books. Will you get more money back or will you end up owing more? The only way to know for sure is to use the withholding calculator from the IRS. You can [...]
[youtube https://www.youtube.com/watch?v=7_516dpIZWU] Every year there is a subset of people who ask themselves if they have to file a tax return. The best way to find out the answer to this question is by checking out the Interactive Tax Assistant on IRS.gov/ITA and clicking on “Do I Need to File a Tax Return?” You will then [...]
