Tag Archive for: credits
Seven Ways To Reduce Taxable Income
Due to tiered tax brackets and a progressive tax system—the more you make, the more you might end up paying. But there are many ways to lower your taxable income—and ultimately—the amount of taxes you pay.
How You Can Avoid A Tax Refund Shock Next Year
One way Americans can avoid being caught off guard next tax season is by conducting a thorough review of their tax return alongside a mid-year review of their income so far in 2023. Undergoing a mid-year assessment can help taxpayers estimate how much they will receive in tax refunds or what sort of balance they will owe next tax season.
What Happens If You Amend Your Tax Return?
Taxpayers may need to file an amended return if they discover that they made mistakes, such as failing to report income, claiming deductions or credits incorrectly, or making other errors that affect the amount of tax owed or the amount of refund due.
1040, 1040A and 1040EZ: Differences and Changes In 2019
The IRS has made big changes to Form 1040. What is it, and do you still need a 1040A or 1040EZ? CLICK ON THE HEADLINE FOR MORE
30 Ways To Prevent A Tax Audit
To avoid receiving an audit letter from the IRS, avoid foolish mistakes and take the right steps to minimize the risk. CLICK ON THE HEADLINE FOR MORE