Jason Summers



Author's Latest

  • May 6, 2015

    The tax code is adjusted every year and it can be a lot to keep up with. Sometimes your life situation changes and you’re unsure how to handle the tax ramifications. The penalties for filing your taxes incorrectly are high, especially if you...

  • April 27, 2015

    In order to determine how much income tax you owe, you will first need to prepare your tax return. You have until April 15th to file and pay your individual income tax. If you miss the deadline, you...

  • April 8, 2015

    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...

  • April 6, 2015

    Although the due date to pay your individual income taxes is April 15, you can request more time to file your tax return. If you file a...

  • March 26, 2015

    One of the most valuable and popular Federal tax credits is the Child Tax Credit.

    The Child Tax Credit is a non-refundable credit...

  • March 19, 2015

    If you have been looking for work this past year, you might be in luck come tax time. Certain job hunting expenses are eligible for a tax deduction. You can deduct these expenses whether or not you...

  • March 18, 2015

    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 notice it can be a stressful experience.

    ...

  • February 24, 2015

    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 using these tax deduction tips.

    Itemized Deduction for Medical Expenses

    If you are...

  • February 9, 2015

    There are 5 filing statuses listed on the Federal individual income tax return. Each year, you must indicate which filing status you are using.

    The filing status you choose affects the amount of your...

  • February 6, 2015

    Itemizing your deductions (as opposed to claiming the standard deduction) means that you may be able to deduct certain miscellaneous expenses on your income tax return.

    ...