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Economic Stimulus Payments: The Get My Payment Tool vs Non-Filers Tool

Economic Stimulus Payments: The Get My Payment Tool vs Non-Filers Tool

There has been a lot of confusion regarding economic stimulus payments. Many are wondering which tool to choose when they go to the IRS website to track their stimulus payment. There are two tools, the Get My Payment Tool and the Non-Filers Tool. Both tools have different requirements. Which tool do I use?

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How does the Coronavirus Stimulus Check Work? (FAQ’s)

How does the Coronavirus Stimulus Check Work? (FAQ’s)

The IRS has approved an economic stimulus package due to the spread of the Coronavirus (COVID-19). A $2 trillion economic plan was passed by the Senate to combat the affects of COVID-19 on Americans. This stimulus plan includes payments to individuals, the self-employed, unemployment coverage, and more. Here are some common questions about the coronavirus […]

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10 Reasons to File Your Prior Year Tax Return Now

10 Reasons to File Your Prior Year Tax Return Now

It’s not too late to file your taxes. Life is never put on hold, even for tax season. Before you know it, the April and even October deadline fly right by. Then, you forget to file it next tax season and then the season after that. However, although the deadlines go by, you should still […]

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Did You Miss The 2018 Tax Deadline?

Did You Miss The 2018 Tax Deadline?

Time waits for no one, especially the tax season. With the year ending soon, another tax season is on the way. If you’re stuck trying to figure out what the next steps are for the missed 2018 tax deadline, keep reading. Can you still e-file your 2018 tax return? Although April 15, 2019, was the […]

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Tax Deadlines for the 2019 Tax Season!

Tax Deadlines for the 2019 Tax Season!

Important upcoming deadlines you need to know. Tax season is a stressful time for some taxpayers. However, knowing each tax deadline will give you a heads up so you know how to stay on top of your game. For all the 2019 tax deadlines that are left, take a look at the list of due […]

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Can I Deduct My W-2 Job Expenses?

Can I Deduct My W-2 Job Expenses?

The new tax season brought in a lot of changes, and your job expenses are one of them. If you’ve noticed on your tax returns that you can’t deduct your W-2 job expenses for 2018, you’re partially correct. Unfortunately, not everyone can claim their out-of-pocket job expenses. Here’s the breakdown. Eligibility The new tax laws […]

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What is a 1098-T Form?

What is a 1098-T Form?

Unfortunately, education isn’t free for some students. If you’re a college student, parent, guardian or anyone paying out-of-pocket for tuition, fees, and required course materials needed for enrollment, you will receive a Form 1098-T. This tuition statement form reports all of your transactions, which means the payments you make to your school. What does a 1098-T […]

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How to File Your 2018 Taxes

How to File Your 2018 Taxes

Did you forget to file your 2018 taxes? Whatever the situation may be, when it comes to filing a forgotten tax return, stress usually rears it’s head. We’re here to help. If you haven’t filed your 2018 tax return as yet, you may be confused why the 1040 form looks different. Here’s what you need […]

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How are Charitable Deductions Affected by the TCJA?

How are Charitable Deductions Affected by the TCJA?

Generosity has its perks, or rather its tax benefits. Keep in mind, taxpayers are able to easily itemize once they exceed their standard deduction. This typically happens by taxpayers claiming charitable donations along with any expenses they have. It then becomes greater than their standard deduction. However, the standard deduction is twice the amount for 2017. […]

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The Child Tax Credit & Additional Child Tax Credit Changes for 2018!

The Child Tax Credit & Additional Child Tax Credit Changes for 2018!

Let your kids treat you by giving you the tax break you deserve. Typically, for the prior tax years, (including the tax year 2017) you can receive up to $1,000 per qualifying child for the Child Tax Credit (CTC). You may even get the Additional Child Tax Credit (ACTC) which is a refundable credit that you […]

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