A tax credit allows you to deduct a certain amount of money from the taxes you owe. It differs from a tax deduction, which allows you to reduce your taxable income. Tax credits are...
Posted by Rosovich & Associates, Inc. on 06/24/2021
After Hurricane Katrina, it became quite common for Congress to enact tax legislation that provides tax relief for victims of natural disasters. The Internal Revenue Code's (IRC)...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/19/2021
Many people look forward to their wedding day when they will be beautifully dressed in a gown and suit with the couple looking forward with enthusiasm to all the beautiful things that...
Certain disability and retirement benefits may be open to qualified Railroad employees and their spouses.Railroad Retirement is similar to the Social Security system but legislatively...
Filing your tax return is never a fun experience. You want to get it done early or even on time, but you also don’t want to see that big tax bill at the end of the year. Most people,...
When you are married, there are a few different options that you can choose for your tax return. Most married couples will choose to go with married filing jointly at tax time. They...
When you are doing your taxes, there is a lot that you need to keep track of. Many Americans work hard to try and figure out their taxes at the end of the year, but then it is so confusing...
Many families will find that it is convenient, as well as a good way to make some extra money, to rent out their homes on occasion when they are gone. They may live in a big city or...
Posted by Patrick O'Hara, EA on 03/02/2016
College can get expensive and thousands of students each year work hard in order to nab the limited amount of scholarships and grants that are available to help them lower the cost...
Posted by Dennis O'Brien on 03/02/2016