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Tax Strategies

The Benefits of a Tax Extension

Extend the Filing Deadline of Your Personal Tax ReturnAlthough the due date to pay your individual income taxes is April 15, you can request more…


Adjusted Gross Income (AGI) vs. Modified Adjusted Gross Income (MAGI)

What's the Difference Between Your AGI and MAGI?When it comes to tax returns, you will often hear two different terms regarding income: Adjusted Gross Income…


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. Starting with…


Who Has to File a Federal Income Tax Return?

How to Determine If You Should File a Tax Return With the IRSAre you wondering if you need to file a tax return? While most…


How to Deduct Your Job Hunting Expenses

Job Search Expenses Can Be Tax-DeductibleIf you have been looking for work this past year, you might be in luck come tax time. Certain job…


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…


2014 Federal Tax Rates, Personal Exemptions, and Standard Deductions

IRS Tax Brackets and Deduction Amounts for Tax Year 2014Below are the tax rates and related numbers that you will need to prepare your 2014…


5 Top Tax Deductions for Individuals

Don't Miss Out On Deductions That Reduce Your Income Tax LiabilityOne of the best ways to reduce your income tax liability (and possibly increase your…