The term “exemption” is often one that inspires bewilderment and perplexity among the most intelligent individuals. When filing your personal…
There are several ways in which education expenses can be used to decrease your tax burden. In addition to the…
When filing your personal income tax return, there are primarily two ways to reduce your tax liability: deductions and credits.…
In all the complexity of tax preparation, it is easy to miss a deduction or credit. This is a particular…
Basically, when it comes to filing your personal tax return, there are five filing statuses you may choose from: single…
Of all the intricacies of tax preparation, few aspects are as beneficial as electronic filing or e-filing. Not only is…
Every year, the National Taxpayer Advocate’s Annual Report to Congress identifies at least 20 of the nation’s most serious tax…
Tax credits and tax deductions are two different types of tax breaks. Both can lower your tax bill, but they work in…
The percentage of tax returns being audited each year has steadily declined, due in part to dwindling government resources. Still,…
The Internal Revenue Service launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for…
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