Tax Day this year will be on April 18, which is less than one month away. That’s why today we share four quick tips that will make tax filing easier. For Maximum Efficiency, File Electronically and Provide Accurate Details Whenever possible, ask for your taxes to be filed electronically and choose direct deposit for your…
From calculators to computers, we live in a time of automation. And yet, inaccuracies keep turning up on tax returns. With this in mind, today we share five useful tips to avoid errors on your tax return. 1. File Electronically Choosing to file your taxes electronically comes with many advantages. First off, it helps limit…
The new payments and relief measures rolled out last year make this tax season particularly challenging. In this post, we take a closer look at two of the most common obstacles taxpayers are navigating as they prepare to file their taxes. Stimulus Payments A lot has happened during the last 12 months, so it’s easy…
Like it or not, the gig economy and its innovations (such as ride-hailing apps) have changed the world. However, income from the gig economy is subject to the same tax obligations as other forms of income. Keep reading to learn more. What Is the Gig Economy? The term “gig economy” refers to the people who…
Tax season is in full swing. That means that more and more people are looking for ways to check the status of their refund. In this blog, we give you some useful tips on how to do just that. How to Check the Status of a Refund First off, it’s worth remembering once more that…
Slowly but surely, Tax Day (which this year will fall on April 18) is approaching. With that in mind, here are some tips on how to avoid penalties and interests when you file your 2021 tax return. How to Avoid Penalties and Interests When You File Your Taxes As everyone knows, the best, most straightforward…
The Advance Child Tax Credit Payments helped millions of American families navigate the difficulties of the past year. If you received these payments, here’s what you need to know about how to reconcile them on your 2021 tax return. Advance Child Tax Credit Payments and Your 2021 Tax Return With tax season already underway, it’s…
The Internal Revenue Service (IRS) is already accepting and processing 2021 tax returns. As millions of Americans prepare to file and pay their taxes before the April 18 deadline, here’s what you need to keep in mind. Tax Season 2022 Has Officially Begun! The IRS began accepting 2021 tax returns on January 24, marking the…
Slowly but surely, Tax Day 2022 is approaching. As you prepare to file your tax return, we encourage you to consider the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC), two higher education credits that can reduce the amount of tax you owe. Education Tax Credits: What You Need to Know The…
With a vast coastal region and breathtaking natural scenery, California is a boater’s paradise. But is boat insurance required in California? Let’s find out. Is Boat Insurance Required in California? Like most states, California law doesn’t require you to carry boat insurance. However, purchasing insurance for your boat or watercraft makes sense for several reasons.…