As part of its coronavirus response, the federal government has announced a 90-day grace period, changing the tax deadline to July 15, 2020. We are awaiting IRS regulations to be issued providing more details regarding this grace period. The U.S. Treasury will give tax filers 90 extra days to pay income taxes due on up to [...]
The following article was published by the IRS. There are two education credits that can help taxpayers with higher education costs: the American opportunity tax credit and the lifetime learning credit. There are several differences and some similarities between them. Taxpayers can claim both benefits on the same return, but not for the same student or [...]
The following article was published by the IRS. Taxpayers with dependents may qualify to claim a few different tax credits. One of these is the child tax credit. The child tax credit benefits people whose dependent meets a series of tests. If the dependent doesn't meet those qualifications, the taxpayer may be able to claim the [...]
The following article was published by the IRS. With school in session, parents and students should look into tax credits that can help with the cost of higher education. They do this by reducing the amount of tax someone owes on their tax return. If the credit reduces tax to less than zero, the taxpayer may [...]
This video was published by the IRS. Thieves are working 24/7 to steal your identity. Here are some quick and easy steps you can take to protect yourself online: Use security software for computers and mobile phones and set it to update automatically. Use strong and unique passwords for all accounts. Use two-factor authentication whenever [...]
