What To Know Before Filing Your Income Taxes

The IRS will not start accepting tax returns until mid-February this year. In addition, there are a few changes that are being made, which may affect areas you may either gain more or lose more money than in years past. 2020 changed how Americans live their lives, and especially how they conduct business. Many who worked [...]

What Taxpayers Need to Know to Claim the Earned Income Tax Credit

This article was published by the IRS. The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. In 2019, the average amount of this credit was $2,476. It not only reduces the amount of tax someone owes but may give them a refund even if they don't owe any taxes [...]

When Will I Get My Refund?

This video was published by the IRS. If you have recently finished filing your tax return, you're probably wondering when you will get your refund. More than 9 out of 10 refunds are issued in less than 21 days. So how can you check the status of your refund? You can use the "Where's My Refund?" [...]

Taxpayers Should Know and Understand Their Correct Filing Status

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 [...]

IRS EITC in 2021

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, [...]

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