Disaster tax relief: What taxpayers need to know

Tax relief is available for people living in areas declared disasters by the Federal EmergencyManagement Agency. Affected taxpayers have more time to file and pay if they live at anaddress in an area that qualifies for IRS disaster tax relief. They automatically get...

2020 Tax Returns

The IRS recently sent out a final reminder for those who still need to claim their portion of the $1 billion in tax refunds from 2020. Time to file for a refund expires May 17, 2024. There are approximately 1...

Extensions

There are some taxpayers who missed the tax deadline and don’t know what to do. Most importantly, taxpayers should never do nothing. In the event that a taxpayer is not prepared to file, he or she should file for an extension as soon as possible. This ensures a...

Standard Deduction or Itemized Deductions?

To simplify this question, first, you need to know what is the standard deduction for your situation? The 2022 Standard Deduction for Single or Married filing separately is $12,950, for Married filing jointly orQualifying surviving spouse is $25,900, and Head of...

When Can I File My Taxes?

Filing taxes usually occurs around the end of January until mid-April. The first day to file your taxes changes every year and the IRS will notify taxpayers around mid-January when the first date taxes can be filed. This date varies and will depend on whether the IRS...