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 | Jan 10, 2023 | 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...
by Angie | Jul 11, 2022 | Taxes
Did you know you in lieu of your signature you can get a PIN number to file your taxes? By doing this, you don’t have to worry about a thief filing a tax return using your name and social security number. This program is called the IRS Identity Protection PIN, or IP...
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 | Apr 19, 2022 | Distribution, Taxes
Now we get to figure out how much tax is due (line 16). I know…exciting right!? Use the tax table in the instruction handbook to locate the line with the amount entered on line 15 on your 1040. Then navigate to the column based on how you are filing (single, married,...
