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What do I do if someone else claimed my dependent?

What do I do if someone else claimed my dependent?

In the worst case scenario, the IRS rejects your tax return. Someone else claimed my dependent. What should I do? Luckily, the IRS gives you options in case you’re stuck in this situation. Unfortunately, the IRS cannot disclose who claimed your dependent. Typically it’s either the other parent, their child claimed themselves as an exemption […]

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11 Tax Tips For Your Back-to-School Use!

11 Tax Tips For Your Back-to-School Use!

Education is expensive, so here’s some helpful tips! Get your tax break from claiming your kids. Don’t forget to claim up to $1,000 for the Child Tax Credit. (Your child must be under 17, live more than half the year with you, a dependent on your tax return, be directly related to you, a U.S. […]

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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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How do I Qualify for the Child Tax Credit?

How do I Qualify for the Child Tax Credit?

Oh, the joys of having children! Today, it is difficult for parenthood to have its rewards. Children want us to buy them the most expensive toys and clothing and that spending can sometimes feel fruitless. As with struggling to finish a marathon, we strive, hoping there will be a light at the end of the […]

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How to Determine Your W-4 Allowances

How to Determine Your W-4 Allowances

Confused about how to fill out your W-4 form? If you’re completing your W-4 form and have no idea how many allowances to claim, you’re not alone. That being said, it’s important to be aware of the number of allowances you’re claiming to avoid a large tax bill after filing. The W-4 form determines how much tax is withheld […]

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How to Complete a W-4 if You’re Married

How to Complete a W-4 if You’re Married

Tie the knot in your life and also on your taxes. The honeymoon is over and it’s back to reality. With such a huge change in your life, it’s important to pay attention to how it will affect your taxes. Once the wedding bells in your head subside, update your W-4 form with your employer. […]

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How to File your First Tax Return

How to File your First Tax Return

Filing your first tax return is a bit like doing your laundry. You don’t want to do it. You’d prefer someone just did it for you. But if you don’t do it, you know there will be consequences.  Unlike laundry, you’ll need to do a bit more sorting, as in sorting through of all those […]

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