There are certain dates that every American knows by heart: Christmas is on December 25, Valentine’s Day is on February 14, and April 15 is the tax deadline. But what if you cannot meet the tax deadline? There are certain circumstances when a person needs to file for an extension from the April 15 filing […]

Continue reading…





With the tax deadline just a couple days away, finishing your taxes is a pretty common theme across America right now. In fact, the White House just released the tax returns for the Obamas and the Bidens. If you are the President, you have to pay tax. Here are twelve more situations you may need […]

Continue reading…





With the tax deadline creeping up on us, it’s time to focus on some ways to save money on your tax return. Raising kids is expensive. However, at tax time, there are ways those little bundles of joy can save money. Many people know about the tax credits for kids, but they are unaware about […]

Continue reading…





This one is for all the grandparents out there. Do you have to pay income tax on social security? How will it impact the taxes on your other income from interest and dividends? Whether or not your social security benefits are taxable depends on your total income and filing status. In addition, it changes from […]

Continue reading…





There is a possibility that you may be suffering from double taxation. I know, we all suffer from double taxation, like when we pay sales tax when we purchase items with money that has been taxed by the federal government. Or when I used to work for the state government, and when I used my […]

Continue reading…





Most taxpayers are well aware of the deduction that comes from claiming dependent children on their taxes. But what are the rules on claiming dependents on taxes? And what about other relatives? And, when can those formerly claimed as dependents on someone else’s return begin to claim themselves? If someone else can claim you as […]

Continue reading…





How to Find TurboTax Discounts

Posted by Madison

Need a Turbotax Discount? It seems like every communication I receive from brokerages, insurance companies, and banks recently are for offers for a Turbotax discount. If you missed the offer for Free Federal and State Tax Filing, and you still need to find a discount here is a list of all the discounts I could […]

Continue reading…





Being a college student is an expensive job. Throughout the year, hopefully you are keeping in mind ways to save money in college and how to avoid student loan debt. You can get creative to save money on food in college, apply for scholarships, and save money on textbooks that can become quite pricey. But […]

Continue reading…





How Do Tax Brackets Work?

Posted by Jill

Are you getting ready to file your taxes? If so, you might find yourself needing a slight refresher on how tax brackets work before the tax deadline. The US tax system is based on a progressive rate structure – the more income you make, the higher tax rate you pay. How Do Tax Brackets Work? […]

Continue reading…





In order to claim the new health insurance premium tax credit on your tax return you need form 1095-A from the health insurance marketplace. Last week the Department of Treasury announced that 800,000 (about 20%) of the 1095-A forms sent were wrong. Corrected forms will be sent this week. The errors impacted tax returns in […]

Continue reading…