If you're in the Armed Forces, there are several special tax benefits that apply to you: First, you may be eligible for a combat zone exclusion, which means some or all of your combat pay could be tax-free. However, you may choose instead to include tax-free combat pay in your earned income when you file your [...]
If you ever have a tax question, check out IRS.gov. One very helpful tool there is the Interactive Tax Assistant (ITA). The ITA tool is a tax law resource that takes you through a series of questions and provides you with answers. (You can print them out if you wish.) Just type what you want to [...]
The IRS Small Business Tax Workshop is a series of online training videos, covering tax topics for new and established small business owners. The first four topics in the workshop cover federal taxes, Schedule C, filing and paying taxes electronically, and business use of your home – no matter the type of business you have or [...]
Are you wondering if you're eligible for advance Child Tax Credit (ACTC) Payments? You qualify for ACTC payments if you have a qualifying child. You don't need to have income, and you can qualify even if you don't normally file a tax return. Also, you - or your spouse, if married and filing a joint return [...]
The due date for personal income tax extensions is just around the corner. All those who filed Form 4868 to request an automatic six-month extension will need to file their taxes by October 15, 2021. Don't forget - the extension only applies to filing the tax return itself. It does not apply to any taxes owed. [...]
