Tax Strategies
Tax Tips for Retired Persons
Special Tax Considerations for When You Retire Many people believe that once they retire, they will pay less in taxes due to a lower income.…
Life Events That Can Impact Your Taxes
A change in life circumstances, whether good or bad, can affect your tax return. >> Start Your FREE E-file Here are some instances where you will…
Hobby Income
Is your favorite pastime classified as a business or a hobby? Here's how the IRS sees it. Millions of people enjoy having hobbies —…
How to Handle a Federal Tax Lien
A tax lien is a claim against property that the government uses to protect its interests in tax debt. The IRS will place a lien…
Tax Breaks for Parents
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…
The Benefits of a Tax Extension
Extend the Filing Deadline of Your Personal Tax Return Although the due date to pay your individual income taxes is April 15, you can…
Adjusted Gross Income (AGI) vs. Modified Adjusted Gross Income (MAGI)
What’s the Difference Between Your AGI and MAGI? When it comes to calculating your taxes, you will often hear two different terms regarding income: Adjusted…
The Child Tax Credit
A Tax Break for People Who Have a Qualifying Child One of the most valuable and popular federal tax credits is the Child Tax Credit. For tax…
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