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Who Qualifies for the Earned Income Tax Credit, How Do They Qualify and How Much Is the Credit?
Getting paid for getting a paycheck? Yes please. Qualifications for Earned Income Credit Earned Income Credit (EIC) is a federal tax credit designed to provide…
EITC Schedule: What’s the Soonest You Can Expect Your 2023 Earned Income Tax Credit Refund To Arrive?
The IRS has deadlines, too? What's the EITC Refund Schedule? The Earned Income Tax Credit (EITC) is a tax credit for lower-income working families, and…
Cash in on That Education: Go to School on Educational Tax Credits
Wow, that degree is worth something before you even finish it! What are Education Credits and Two Common Tax Credits? Education tax credits are tax…
Notice CP12: What This IRS Notice Means, How to Respond to It, and Why You Might Have Gotten a CP12 in the First Place
The IRS version of the 404 Error “Data Not Found (on Your Tax Returns)” Why did the IRS send you a CP12 Notice? It’s simple.…
Tax Teamwork: Instructions for Partnerships Using Form 1065 on Their Federal Tax Returns
They say partnership is hard. Then comes along Form 1065. Before diving into the details of 1065 instructions, it’s important to understand the context behind…
What Is Earned Income When It Comes to Filing My Tax Returns?
It sounds like a philosophical question, but really, the IRS just wants the paperwork done right. What does "earned income" really mean when calculating your…
Capital Gains and Income: Are You Ready to Realize How Your Gains Affect Your Taxes?
Did you realize this about your capital gains? Are Capital Gains Considered Income? Capital gains are profits earned from the sale of capital assets like…
Are Union Dues Tax Deductible?
As a member of a labor union, you may be curious to know if union dues are tax deductible. The answer is yes, but there…
