Taxes

Understanding How Solar Tax Credits Work

Understanding How Solar Tax Credits Work

Understanding How Solar Tax Credits Work

The U.S has been grappling with the idea of making renewable energy the primary source of power for homes and industries. Solar energy is by far one of the most popular in the market today. As an incentive to ensure that as many homeowners as possible adopt the use of solar energy, the federal government... Read More

Understanding What to Do Unfiled Tax Returns

Understanding What to Do Unfiled Tax Returns

Understanding What to Do Unfiled Tax Returns

The IRS has taken down Al Capone, Wesley Snipes, Martha Stewart and other big names in the past for tax fraud. The federal government takes taxes very seriously. Not filing your tax returns is a serious offense. Although there won’t be a nationwide manhunt for late returns, you may still see some hefty fines and... Read More

What You Need to Know About Filing Taxes Jointly

What You Need to Know About Filing Taxes Jointly

What You Need to Know About Filing Taxes Jointly

As a married couple, you and your spouse have the option of filing taxes jointly or separately. The IRS does encourage you to file your income tax returns jointly by providing a host of resources and incentives to do so. There are a lot of advantages to filing taxes jointly. However, there are also some... Read More

The Ultimate How-To on Filing Your Taxes for Free

The Ultimate How-To on Filing Your Taxes for Free

The Ultimate How-To on Filing Your Taxes for Free

If you bristle at the idea of having to pay to file your taxes, you’ll be happy to know that the IRS found 70% of all taxpayers are eligible to prepare and file their federal tax returns for free. And a variety of free federal and state tax solutions can help qualifying taxpayers file their 2018 tax returns without... Read More

18 Ways the New Tax Laws Affect You

18 Ways the New Tax Laws Affect You

18 Ways the New Tax Laws Affect You

The final 2017 Tax Cuts and Jobs Act legislation passed December 20, 2017, and was signed into law on January 3, 2018. It ended up being less scary than many Americans had feared. And while the biggest impact may yet prove to be on businesses, some important changes affect you and the majority of other... Read More

15 Key Tax Tips For 2018

15 Key Tax Tips For 2018

15 Key Tax Tips For 2018

Tax laws aren’t what they used to be thanks to the Tax Cuts and Jobs Act (TCJA) passed in December 2017. You don’t need to sweat the new laws though. Most happen automatically. You’re biggest worry is to ensure you don’t try and take the same deductions you took last year—if you itemize—and to understand how... Read More

10 State and Local Taxes Determined by Your Location

10 State and Local Taxes Determined by Your Location

10 State and Local Taxes Determined by Your Location

While federal tax law controls your life on April 15 each year, the state and local taxes you pay are determined by your location. Here’s a look at 10 state and local taxes that affect your local tax liability each year. State Income Tax versus Federal Income Tax Your federal income tax return is one... Read More

3 Tax Scams You Need to Watch Out For

3 Tax Scams You Need to Watch Out For

3 Tax Scams You Need to Watch Out For

According to the Internal Revenue Service (IRS), there was a 400% increase in phishing and malware incidents during the 2016 tax season. And tax scams extend far beyond email and malware to include phone scams, identity theft and more.  While the April 15 filing deadline still feels far away, as Yogi Berra said, “It ain’t... Read More

Can You Pay IRS Taxes with a Credit Card?

Can You Pay IRS Taxes with a Credit Card?

Can You Pay IRS Taxes with a Credit Card?

If you’re not getting a tax refund and you have to pay, you can pay IRS taxes with a credit card. Depending on who you talk to, paying your income taxes with a credit card is either brilliant way to earn credit card rewards or a financial move that is only a last resort. The... Read More

Homeowners Get a Tax Credit for Buying a House

Homeowners Get a Tax Credit for Buying a House

Homeowners Get a Tax Credit for Buying a House

  Being a homeowner comes with all kinds of pros and cons that don’t come with renting. You have a yard, but you have to care for the yard. You have a payment, but you get to deduct your mortgage interest on your tax return! And while the Tax Cuts and Jobs Act (TCJA) reduced... Read More

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