Legal Ways to Lower Your Tax Bill

During the 2016 tax season, Americans had an average gross income (AGI) of $67,564, with a federal tax hit of $9,665. Overall, this means the average family pays taxes at the federal rate of 14.3%. These figures include low-income workers with a negative federal tax bill due to the earned income tax credit. Removing those […]

Changes to the Tax Laws for the 2018 Tax Season

The US tax code is both complicated and ever changing. Each year Congress makes adjustments for inflation, enacts laws, and makes changes to deductions or credits, impacting your return. Some years the changes are small and others dramatic. 2017 did not major changes in the tax code. However, there are a number of adjustments, which […]

Guide to Getting Your Refund Faster

As H&R Block says, “Tax Season is Refund Season.” For those getting refunds you may look forward to tax season each year. Extra money coming in when things are tight gives you a chance to do something you have not been able to accomplish with your regular monthly income.  

Top 10 Tax Terms to Know Before You File

Whether you are preparing your own taxes or hiring a tax professional, understanding the tax language will help you minimize your tax liability. With all the forms and constantly changing tax code, understanding what key terms mean will help you navigate the world of taxes. With an increasing number of companies offering online tax filing […]

10 Fundamental Things You Must Know Regarding Taxes

Filing taxes is part of an annual ritual for most families. Whether you are filing for yourself or using a professional, the complicated tax code can make it difficult to determine what decisions are best regarding filing options. Understanding tax basics can help you make good decisions concerning how and when to file and ways […]

How to Speed Up Your Tax Refund

February is the time of year everyone is getting geared up for tax season. The IRS filing opens the beginning of February, and W-2s have been mailed. The only thing left to do is the hard part; getting the actual filing completed. Refunds are one of the perks that make filing taxes bearable, for those […]