Federal Tax Returns

The Latest

  • April 15, 2015

    Generally, individual income tax returns need to be e-filed or postmarked by April 15. If you do not file on time, there is a late filing penalty of 5% on the amount that you owe. This is added to your tax balance for each month (or part of a...

  • April 9, 2015

    Nearly everyone knows that April 15 is the deadline for submitting tax returns in the United States. Although some entities may need to file before that date – including businesses, which must generally file by March 15 – most individuals need to...

  • April 8, 2015

    Raising a child is expensive, but you can partially offset some of the expenses by utilizing tax deductions and tax credits that are available to...

  • April 7, 2015

    Generally, individuals have until April 15th to file their return and pay any taxes owed for the year. In most cases, you will not be liable for any penalties as long as you file your tax return and pay your balance by April 15th. However, if you...

  • April 6, 2015

    Although the due date to pay your individual income taxes is April 15, you can request more time to file your tax return. If you file a...

  • April 2, 2015

    Generally, taxpayers are allowed to claim exemptions on their tax returns that reduce their amount of taxable income. There are two main types of exemptions: personal exemptions and exemptions...

  • April 1, 2015

    Every year, the IRS sends millions of letters and notices to taxpayers for various reasons. There are many different types of notices issued by the IRS — depending on the notice you receive, you may have a range of options for responding.

    IRS...
  • March 30, 2015

    If you have to move because of your job — whether you’re starting a new job or working at the same job in a new location — you may be able to deduct some of your moving expenses on your income tax...

  • March 27, 2015

    When it comes to tax returns, you will often hear two different terms regarding income: Adjusted Gross Income (AGI) and Modified Adjusted Gross Income (MAGI).

    Both AGI and MAGI are important in calculating the amount of...

  • March 26, 2015

    One of the most valuable and popular Federal tax credits is the Child Tax Credit.

    The Child Tax Credit is a non-refundable credit...