Articles for category: Jobs & Money, Tax Tips

How To File A Tax Extension

Since its the last day before the tax deadline, you may be wondering how in the world am I going to get this done. But one way to reduce the stress is to complete a tax return extension.

Income The IRS Can’t Tax

There are certain types of income that should not be included on your tax return. In this article we discuss a few of the types of income that are excluded from your tax return and therefore result in tax savings.

What Is My Tax Filing Status?

We'll discuss the different tax filing statuses and the requirements and benefits associated with each status. By knowing all the tax statuses available, you may be able to reduce your tax liability.

Should You Itemize Taxes Or Not?

By knowing the basic limitations behind itemizing expenses, the decision to take the standard deduction or itemize your expenses is made much easier. Also, by maximizing the deduction you are allowed to take, you can reduce your tax liability and save money.

Earned Income Credit

The earned income credit is available to many taxpayers who have low to moderate income. This tax credit will effectively lower your taxable income and increase your potential for a tax refund.

Change In The 2006 ‘Kiddie Tax’

The 'kiddie tax' has been changed to apply to all children under the age of 18. It previously only applied to children under the age of 14. Therefore, for children under 18, all unearned income greater than $1,700 will be taxes at the parent's top tax rate.