More people than ever are working from home, so today we’d like to talk about the Home Office Tax Deduction, a topic that many of our readers may find interesting. The first thing to know is that employees are not eligible for this tax deduction. Both homeowners and renters can claim this deduction by filing…
DetailsThe deadline to file and pay your taxes was July 15. If you filed on time, great! You’ll avoid penalties and interest. However, there are some other things you may need to do. From checking the status of your refund to determining if you have to amend your tax return, we’ve got you covered. Read…
DetailsThe deadline to file and pay your taxes was July 15. If for any reason you couldn’t file on time, don’t worry; you still have some alternatives, although it’s important to take action now to avoid penalties and interest. Keep reading to discover what’s the best course of action depending on your specific situation. You…
DetailsTax returns are due today, July 15. If you already filed and paid your taxes, then you are probably expecting a refund. In that case, keep reading to discover some facts you should keep in mind. Where’s My Refund? The best alternatives to check the status of your refund are the Where’s My Refund? tool…
DetailsJuly 15, the deadline to file and pay your federal taxes is approaching, so this is the right time to take steps to prepare your taxes if you haven’t done so yet. As you may remember, the original deadline was set for April 15, but it was moved as a way to offer relief to…
DetailsTax day is July 15, in exactly two weeks. Circumstances this year have been difficult to say the least, so a lot of people may not be ready to file or pay their taxes just yet. Read on to discover what are the alternatives available in each situation. Request an Extension to file People who…
DetailsEconomic Impact Payments(EIP) are being distributed to millions of taxpayers impacted by the coronavirus outbreak. The measure has been a success, but there is a small thing you must make sure to do when you receive your payment: Don’t forget to keep notice 1444. The IRS mails this notice to each recipient’s last known address…
DetailsThe coronavirus outbreak has upended many routines, and that includes Tax Day, that was moved from April 15 to July 15. This means that you have a month to file and pay your taxes if you haven’t done so yet. Read on to discover some tips and guidelines you should keep in mind before filing…
DetailsEconomic Impact Payments are a stimulus rolled out by the Internal Revenue Service (IRS) to offer financial relief to those affected by the coronavirus outbreak. Eligible taxpayers may get up to $1,200 for individuals, and up to $2,400 for those married filing jointly. Additionally, they may receive $500 for every qualifying child (you can use…
DetailsThe Internal Revenue Service (IRS) has announced that nearly four million taxpayers will receive their Economic Impact Payment by Prepaid Debit Card. This method can be very convenient. But what happens if people misplace or lose their card? Follow These Steps If you receive your Economic Impact Payment by prepaid debit card and you misplace…
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