We’re pretty familiar with the tax deadline on April 15 (although it’s extended to Monday, April 18, 2016 this year). However, the first day to file taxes each year often depends on what Congress has done recently with any new laws that were implemented. This year is no different as congress signed new legislation at […]
How much money do you have to make to file taxes? What is the minimum income to file taxes? Let’s take a look at the requirements for the minimum income to file taxes in 2015 (and due in 2016). 2015 Minimum Income Requirements The IRS released the minimum income to file taxes in 2015. For […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Prisoners who have been in the system for longer than a year typically do not make much income. In fact, they may not even make enough to be required to file taxes. If you’ve thought about filing a tax return in order to take advantage of your low prison wages and the Earned Income Tax […]
