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Tax Strategies

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…


6 Tips to Help You Avoid an IRS Tax Audit

Although the IRS only audits about 1.1% of the over 140 million returns it receives each year, for those people who do receive an audit…


Tax Deductions for Medical Expenses

Medical expenses, especially if they are unexpected, can take a bite out of your savings. However, you may be able to find some tax relief…


Understanding the Standard Deduction

How the Standard Deduction Can Reduce Your Federal Tax Bill   It’s the age-old question: Should you take the standard deduction, or should you itemize…


Top 10 Tax Tips If You Sold Your Home in 2023

Have you heard of this? You might not have to pay taxes on the gain if you sell your home and make a profit. Yes,…


Where To Go If You Need Tax Help

Know Your Options for Tax Preparation Assistance Are you looking for an expert to help you with your income tax return? When it comes to…