Federal Tax Returns
November 18, 2015
Families and individuals who get their health insurance through the Health Insurance Marketplace may be able to offset the cost of their monthly premiums with the Premium Tax Credit.
The premium tax credit (PTC) is a...
November 10, 2015
To give you a head start on the 2016 tax year, Bloomberg BNA has released their tax rate/bracket predictions.
The Federal income tax currently consists of 7 rate brackets: 10%, 15%, 25%, 28...
November 5, 2015
When tax time comes around, inevitably there are people who are not able to pay everything they owe.
Although the IRS always prefers that you find a way to pay your taxes in full, circumstances can sometimes prevent that from happening. If...
November 3, 2015
The U.S. government expects you to pay income taxes to the IRS each year. Most Americans have taxes withheld from their wages, which helps to avoid owing the IRS a large sum at the end of the year....
October 30, 2015
October 28, 2015
The ability to work for yourself and be your own boss is an exciting prospect. Becoming self-employed in your field of expertise can give you the freedom to find a work-life balance that is hard to achieve when you are employed by a someone else...
October 27, 2015
When you prepare your tax return, you have the option of claiming the standard deduction or itemized deductions.
While the standard deduction is easier to claim, about one-third of...
October 20, 2015
Many people believe that once they retire, they will pay less in taxes due to a lower income. While that may be true for some people, it is not always the case.
Depending on what income you have coming in (e.g., from Social Security,...
October 19, 2015
If you have children, you may be able to lower your tax bill by claiming the Child Tax Credit. The Child Tax Credit is a non-refundable credit, which means it cannot reduce your tax...