by Naveed Lodhi | Jan 13, 2023 | Tax Tips & Planning
The new tax credit can help residents of the state of Washington get back more money at tax time. Beginning February 1st, eligible workers can claim the Working Families Tax Credit (WFTC) and get up to $1,200. How do I apply? All applications must be received by...
by Naveed Lodhi | Jan 13, 2023 | Tax Tips & Planning
It’s super ez! Virginia’s just ramped up it’s Standard Deduction. This year, Virginia residents are in luck. Filers can save a lot more money because the standard deduction amount for the State of Virginia has almost DOUBLED. And, as you may already know, one of the...
by Naveed Lodhi | Dec 30, 2022 | Tax Tips & Planning
It’s almost time to start doing your taxes. To ensure things go smoothly, there are some important steps you need to take before you file. Gather your receipts and tax documents You can expect your W2s, most 1099s and 1098 forms to arrive by January 31st. If...
by Naveed Lodhi | Aug 31, 2022 | Tax Tips & Planning
Realizing that you made a mistake on your taxes after you’ve already filed is a scary feeling. Here you were just trying to save money by doing it yourself and now you have a big mess on your hands. Don’t worry, most tax mistakes can be easily corrected by filing an...
by Naveed Lodhi | Aug 31, 2022 | Tax Tips & Planning
Source: Illinois Department of Revenue File your taxes fast and ez in 30 minutes or less.
by Naveed Lodhi | May 24, 2022 | Tax Tips & Planning
Getting your first summer job is a rite of passage for many teenagers. It’s your chance to build your resume, get a taste of independence and most importantly, make your own money. But don’t be surprised if your hourly wage doesn’t match your take home pay. Most...