Here’s Who Qualifies a Taxpayer for the Child and Dependent Care Credit

This article was published by the IRS. Childcare or adult dependent care can be a major expense. Fortunately, the child and dependent care credit can provide some relief. Taxpayers who pay for daycare expenses may be eligible to claim up to 35% of what they spend; limits apply. For the purposes of this credit, the IRS [...]

Individual Taxpayer Identification Number (ITIN)

This video was published by the IRS. The Individual Taxpayer Identification Number program, or ITIN for short, is for people who have a filing or reporting requirement but who are not eligible for a Social Security number. The law now requires ITINs issued before 2013 to expire. If your ITIN is expiring or has already expired, [...]

Renting vs Buying a House: Pros and Cons

Having your own space is an important part of adulthood. But how you secure that space depends on a lot of factors. In some situations it makes sense to purchase and own a home; in others, renting makes more sense. Here are some pros and cons to each scenario: When you are a renter, there's only [...]

Who Qualifies for Which New Employer Tax Credit?

This article was published by the IRS. Many businesses affected by COVID-19 qualify for tax relief though credits or deferrals. Here's a breakdown of which employers qualify for these new tax credits and the deferral of employment tax deposits and payments through December 31, 2020. Credits for paid sick and family leave Businesses and tax-exempt organizations [...]

Pay With Cash at a Retail Partner

This video was published by the IRS. Here is the information you should know about the only way that you can pay your Federal Taxes with cash at an approved participating retail store. The instructions are available at www.irs.gov/paywithcash. It generally takes up to 7 business days to process your cash payment. For that reason, be [...]