If you have ever taken out a mortgage, you probably already know of the tax advantage provided by deducting your mortgage interest payments. But many homeowners
Tax/Business News & Updates
High Traffic on “Where’s My Refund”
The IRS today alerted taxpayers and the tax community it is experiencing high traffic on Where’s My Refund as more tax returns come in. The
Determining Your Correct Filing Status
It’s important to use the correct filing status when filing your income tax return. It can impact the tax benefits you receive, the amount of
IRS to Accept Returns with Depreciation and Education Credits Next Week
IR-2013-18, Feb. 8, 2013 WASHINGTON — The Internal Revenue Service announced today that taxpayers will be able to start filing two major tax forms next
Refund Cycle Chart Discontinued by IRS
No Refund Cycle Chart In previous years, the IRS would publish a refund cycle chart showing when a particular tax return would be deposited into
Business e-File Starts February 4
Many businesses will be able to file their 2012 federal income tax returns starting Monday, February 4. The Monday opening covers non-1040 series business returns
February Promotion $5 Off
Receive $5 off Tax Preparation fees by donating two children’s books. In need of 1st – 5th grade reading books. Bring the books to your
Education Tax Credit Returns on Hold until Mid-February
Taxpayers using Form 8863, Education Credits, can begin filing their tax returns after the IRS updates its processing systems. It was discovered during testing that programming
Earned Income Tax Credit
If you earned less than $45,060 (or $50,270 if you’re married and filing jointly) last year, you may qualify for the Earned Income Tax Credit
Filing Status for Married Taxpayers
Married taxpayers may file as Married Filing Jointly or Married filing Separately. Read more information about each filing status in the tabs below.