Taxes
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Millions are likely to receive smaller tax refunds this year
Bad news for millions of Americans. Many will receive significantly smaller tax refunds this year. So far tax filers are receiving refunds that are 11% less this…
Can I request an extension to file my taxes?
Who can request an extension to file taxes? April 18 is the deadline to file your tax return. Learn how to request an extension from the IRS. …
How to file your own taxes
The average taxpayer takes 13 hours to prepare their tax return. This process includes gathering documents and mailing in the forms. Find out how to do your…
Taxes: Can I claim the foreign tax credit?
Who can claim the foreign tax credit? Learn the exceptions and compliance issues. Do you know what the foreign tax credit is? This is a credit granted…
Taxes: Do I qualify for the Child Tax Credit or the Credit for Other Dependents?
The Child Tax Credit is capped at $2,000 per dependent in 2022. Find out the requirements to claim this credit. What about the Credit for Other Dependents?…
Taxes: Am I eligible to claim an education credit?
Find out if you are eligible to claim an education credit on your taxes. Understand the requirements to claim this credit. Are you eligible for the lifetime…
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Taxes: What is the ITIN or Individual Taxpayer Identification Number?
The ITIN identifies taxpayers who do not have a Social Security number. It was created in 1996 so that non-resident workers could pay taxes. Learn more about…
What forms do I need to file my taxes?
Know what forms you need to file your taxes. Make sure the information presented is verifiable. Learn the most efficient way to fill out tax forms. Which…
Taxes: What is the first-time homebuyer tax credit?
45% of homeowners are first-time buyers. A 2021 bill proposes up to $15k in tax credits for first-time homebuyers. Find more about the first-time homebuyer tax credit.…
Taxes: Do I qualify for the retirement savings contribution credit?
Americans save an average of $141,524 for retirement. Some savings contributions may qualify for tax relief. Learn about the retirement savings contribution credit. Do you qualify for…
Should undocumented immigrants file a tax return?
Find out which undocumented immigrants must file a tax return. On average, undocumented immigrants pay 8% of their income in taxes. Most of the undocumented file their…
Taxes: How much is my standard deduction?
April 18 is the deadline to file your tax return. Know what a standard deduction is and why it works for you. Find who a standard deduction…
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Millions of taxpayer will receive direct payments up to $1,500
Millions of taxpayers will receive direct payments this month. Those who are eligible will receive $750 and $1,500. Rebates for Colorado residents. Officials have good news that…
Donald Trump did not pay a dime in federal income tax in 2020
Donald Trump did any federal income tax in 2020. The former president requested that it be kept secret. He was the first president since Gerald Ford not…
MORE FINANCIAL HELP! New tax refunds announced for millions of Americans
The IRS confirmed the good news. The agency revealed who will get the refunds. How much will the new tax refunds be? Millions of taxpayers will be…
IRS alerts 19 million taxpayers about their tax returns
The IRS alerts approximately 19 million taxpayers who requested an extension to file their taxes. They have until October 17, 2022 to file their taxes. The IRS…
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