Federal Tax Returns
Taxable vs. Non-Taxable Income
What Types of Income Are Subject to Tax? Are you trying to determine whether or not all of your income is taxable? While the IRS…
Refundable Tax Credits vs. Non-Refundable Tax Credits
There Are Two Main Types of Credits That Can Reduce Your Tax Bill Tax credits, available through the IRS, can bring you a substantial…
Should You Itemize Your Deductions?
Tax Tips for Claiming Itemizing Deductions vs. the Standard Deduction When you are filing your 1040 tax return, right before you compute your final taxable income, you…
Tax Refund Delays IRS Backlog of Tax Returns Continues to Grow
Backlog of 35 Million Returns Is Delaying Tax Refunds This Year The IRS has fallen behind in processing income tax returns this year and the…
Which Tax Form Should You File?
Federal Tax Returns Have Undergone Several Changes Over the Past Few Years There used to be several different versions of the federal individual income tax…
5 Top Tax Deductions for Individuals
Don’t Miss Out on Deductions That Reduce Your Income Tax Liability One of the best ways to reduce your income tax liability (and possibly increase…
Tax Filing Season Begins February 12
Tax Tips & Information for Filing Your 2020 Income Tax Return The IRS announced that the 2021 tax filing season will begin on Friday, February…
How to File Your Federal Income Tax Return
Tax Tips and Steps for Filing Taxes With the IRS: Form 1040 or Form 1040-SR If you are living and/or working in the United States,…
