by Angie | Jun 25, 2024 | Disaster
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...
by Angie | May 10, 2024 | Taxes
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...
by Angie | Jan 18, 2023 | Itemize, Standard
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...
by Angie | Jun 7, 2022 | 1040, Dependent, Taxes
The finish line is finally here…. Line 29 is for the American Opportunity Credit. This is an education credit that can be taken for students in college. It helps reduce the amount of taxes owed or may even increase your refund. You will need to fill out Form 8863,...
by Angie | Mar 30, 2022 | 1040, Taxes
So, now we must discuss the most important part of a 1040. Line 1. Yes, the dreaded line 1. Wages, salaries, tips, etc. What’s etc. anyway? Really? We as citizens must decipher what etc. is? Well, if you want a basic summary of what all that means, here ya’ go....
