5 Things to Remember When You Do Your Taxes
The information in this article is up to date for tax year 2023 (returns filed in 2024). It’s time to do your taxes. The earlier you file, the sooner you’ll get your tax refund. Plus, the earlier you file the less risk there is of someone using your identity to file a fraudulent...
Tax Credits vs Deductions: What’s the Difference?
The information in this article is up to date for tax year 2023 (returns filed in 2024). 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...
4 Biggest Tax Breaks for Education
The information in this article is up to date for tax year 2023 (returns filed in 2024). With college tuition on the rise, furthering your education won’t come cheap. According to College Board, in-state students paid an average of $11,260 to attend a public four-year college from...
Cut Your Taxes by up to $1,000 With the Saver’s Credit
The information in this article is up to date for tax year 2023 (returns filed in 2024). If you’re saving for retirement, you may qualify for a tax break of up to $1,000. This is thanks to the Credit for Qualified Retirement Savings Contributions, better known as the Saver’s Credit,...
Lucky Day at the Casino? 6 Tips to Report Your Gambling Winnings
The information in this article is up to date for tax year 2023 (returns filed in 2024). From the racetrack to the slot parlor to the poker table, legalized gambling has been taking hold in states across the USA. Enticed by the idea of high tax revenue, state legislatures from coast...
Income: Taxable or Non-Taxable?
The information in this article is up to date for tax year 2023 (returns filed in 2024). When you earn money from your job, you’re expected to pay taxes on the income. But did you know that certain types of income are non-taxable? That means even if you report it on your tax...
How Your Taxes Will Change if You’re Laid off Due to the Recession
The information in this article is up to date for tax year 2023 (returns filed in 2024). There’s been a lot of talk about a looming recession, and you may be concerned about what that means for you. During a recession, you’re at greater risk of losing your job and the benefits that...
Tax Tips for the Unemployed
The information in this article is up to date for tax year 2023 (returns filed in 2024). In January 2024, the U.S. Bureau of Labor Statistics reported that 6.1 million people were unemployed. Losing your main source of income can be devastating. However, your new tax...
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