Even though only a few months remain in 2014, you still have time to act so you aren’t surprised at tax-time next year. You should take steps now to avoid owing more taxes or getting a larger refund than you
Tag: tax credits
Top Ten Facts for Selling Your Home
Do you know that if you sell your home and make a profit, the gain may not be taxable? That’s just one key tax rule that you should know. Here are ten facts to keep in mind if you sell
Tax Savings for Parents
Do you feel the pain of expenses throughtout the year raising a child; school, daycare, college, etc.? Others feel your pain. The IRS offers a number of tax breaks to offset the cost of raising a child. It may be confusing
Don’t Miss These Deductions and Credits
Don’t overpay taxes by overlooking tax deductions, credits, and elections on your tax return. See the most common ones listed below that could cost you “money”. Credits Education Credits. Send your children to school and get a tax credit under
2013 Year End Tax Planning
Year-end tax planning could be especially productive this year because timely action could nail down a host of tax breaks won’t be around next year unless Congress acts to extend them. Businesses and individuals can potentially achieve significant tax savings
Tax Tips – Back-to-School Tips for Students and Parents
Going to college can be a stressful time for students and parents. The IRS offers these tips about education tax benefits that can help offset some college costs and maybe relieve some of that stress. American Opportunity Tax Credit. This
College Tax Benefits for 2012 and Years Ahead
Parents and Students: Check Out College Tax Benefits for 2012 and Years Ahead IR-2013-22, Feb. 22, 2013 WASHINGTON — The Internal Revenue Service today reminded parents and students that now is a good time to see if they qualify for
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 modifications are needed to accurately process Form 8863. Form 8863 is used to claim two higher