What Is the Earned Income Tax Credit (EITC) and Who Qualifies?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Have you ever heard of the Earned Income Tax Credit (EITC)? If you haven’t, you may be missing out on thousands of dollars at tax time. Even though millions of people claim the EITC, around 20%...
What is the Difference Between 1099 and W-2?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Wondering what is the difference between 1099 and W-2? It’s all about taxes and benefits. W-2 employees have taxes withheld from their pay and get benefits from their employers, while 1099...
Tax Tips for Single Parents: Maximize Your Savings
The information in this article is up to date for tax year 2024 (returns filed in 2025). Tax season can be stressful for anyone, but for single parents, it can feel even more overwhelming. With numerous tax credits and tax deductions designed to support families, it’s essential to...
The Basics of Filing Taxes for Immigrants
Filing taxes isn’t just for U.S. citizens. If you are an immigrant working in the U.S., you are required to file a tax return. Of course, navigating the U.S. tax system can be a challenge—especially if this is your first time. In this quick guide, we’ll break down the basics of...
What Tax Credits Can ITIN Filers Claim?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Even if you don’t have a Social Security Number (SSN), you may still be required to file U.S. taxes. If that is the case, you must apply for an Individual Taxpayer Identification Number (ITIN),...
What Is Taxable and Nontaxable Income?
The information in this article is up to date for tax year 2024 (returns filed in 2025). When you earn money, you're likely familiar with the fact that you must pay taxes on most of it. However, did you know that not all income is taxable? In fact, certain types of income are...
What Is the Difference Between Tax Credit and Tax Deduction?
The information in this article is up to date for tax year 2024 (returns filed in 2025). Tax credits and tax deductions are arguably the best part of preparing your tax return. They reduce your tax bill and help determine how much your tax liability is–either directly or...
10 Must-Watch Tax Movies
Who said taxes are boring? Hollywood has proven time and time again that taxes can be a crucial part of a gripping plot while still providing plenty of entertainment. From IRS investigations to tax evasion schemes, these films bring the world of taxes to life in unexpected ways....
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