Renting Your Vacation Home

 This video was published by the IRS. Do you own a vacation home you sometimes rent to others? If so, there are rules on recording your rental income and expenses. For example, if you rent out your vacation home only for a short time - fewer than 15 days a year - you may not [...]

Child Tax Credit and Credit for Other Dependents

This video was published by the IRS. Many parents claim the Child Tax Credit to help with the cost of raising children. The credit can be $2000 per qualifying child. This credit applies if: The child is younger than 17 at the end of the tax year. You claim the child as a dependent. The child [...]

Itemized Deductions Changes

The following article was published by the IRS. Changes from the Tax Cuts and Jobs Act mean the standard deduction is worth almost twice what it was before, so you may get more benefit from the standard deduction than from itemizing. To figure out whether you should itemize, you can search "how much is my standard [...]

IRS Tax Withholding Estimator

This video was published by the IRS. Did you recently get married, have a baby, or adopt a child? Did you start a new job, or get a raise? Was your tax return not what you expected, or did you owe additional tax when you last filed? If any of these situations describe you, it's time [...]

Direct Deposit for Your Tax Refund

This video was published by the IRS The best and fastest way to get your tax refund is to have it electronically deposited into your financial account. The program is called "Direct Deposit" and it's free. You can use it to deposit your refund into one, two, or even three accounts. You can even use direct [...]