When you sell your primary residence, you may be subject to capital gains tax. However, IRS provides certain exclusions that can help you reduce or even eliminate this tax.
Capital Gains Tax on the Sale of Your Primary Residence Read More »
While some states levy a hefty income tax, others offer a tax-free haven to their residents. This article will explore the nine states that do not impose an income tax.
Tax-Free Paradises: No Income Tax States in the USA Read More »
Innocent spouse relief can help you not have to pay extra taxes if your spouse didn’t pay enough taxes on your joint tax return and you didn’t know about the mistakes.
Innocent Spouse Relief: A Lifeline in Tax Troubles Read More »
Low Income Taxpayer Clinics (LITC) assist low income individuals who have a tax dispute or tax refund problem with the IRS, and provide education and outreach to individuals who speak English as a second language (ESL).
If you work for yourself or have gig jobs where you earn money from different sources, you qualify for a Self-Employed Roth IRA.
IRS understands that life can be unpredictable, and sometimes events occur that prevent taxpayers from meeting their tax responsibilities on time. Here is how to request IRS penalty relief.
Tax Penalties! Interest and Penalties Start Immediately If you don’t pay your tax bill in full by Tax Day (tax filing due date), the IRS will charge interest on the outstanding amount. Additionally, you may face a late-payment penalty (sometimes called a “failure-to-pay penalty”) of 0.5% per month, with a maximum penalty of 25% of your unpaid taxes. Notices Start to Arrive
The Gilman International Scholarship Program is a fantastic opportunity for students with limited financial resources. Let’s break it down:
Benjamin A. Gilman International Scholarship: Unlocking Opportunities for Students Read More »
Attention Taxpayers: Unclaimed Refund Alert! The IRS has a message for nearly a million Americans: You might be missing out on money! As of March 25, 2024, there’s over $1 billion in tax refunds for 2020 that haven’t been claimed.If you haven’t filed your tax return for 2020, you could miss an average of $932
Maximize your tax savings with the Earned Income Tax Credit! Discover how this essential tax benefit can significantly boost your income, lifting you toward financial stability. Act now and claim what you deserve. Read our comprehensive guide today!
Find out your Earned Income Tax Credit (EITC) For 2023 Read More »