Direct Tax

Do I Have to File Taxes If I’m on Social Security Only?

Many retirees and disabled individuals rely primarily—or entirely—on Social Security benefits for income. A common question for people in this…

4 weeks ago

Do I Get a Refund If My Taxable Investment Income Was Already Withheld?

For investors, understanding the tax implications of income earned through dividends, interest, capital gains, or other forms of taxable investment…

4 weeks ago

Dividends and Interest: What’s Taxable and How to Reduce It to Get More Back

For many Americans, investment income forms a substantial part of their annual earnings — especially from sources like dividends and…

4 weeks ago

Differences Between Federal and State Tax Returns

When tax season rolls around, most Americans are responsible for filing both a federal and a state tax return. While…

4 weeks ago

Dependent Care Credit: Claiming Daycare and After-School Expenses

Working parents and guardians often face significant childcare costs, including daycare, preschool, and after-school programs. Fortunately, the IRS offers some…

4 weeks ago

Deducting Investment Advisory Fees and Other Financial Costs: What You Need to Know

Managing your finances often comes with various costs, including investment advisory fees, financial planning charges, and other associated expenses. Taxpayers…

4 weeks ago

Deducting Health Insurance Premiums: What Self-Employed People Must Know

Health insurance is a vital expense for many Americans, and for self-employed individuals, paying for coverage can be a significant…

4 weeks ago

Credit for Taxes Paid to Another State: A Guide for Multistate Taxpayers

In today’s increasingly mobile world, it’s not uncommon for individuals to live in one state while earning income in another.…

4 weeks ago

Common Reasons Why Your Tax Refund May Be Delayed

Taxpayers eagerly anticipate receiving their refunds each year, often planning major purchases or essential payments around it. While the IRS…

4 weeks ago

Common Mistakes to Avoid on Form 1040

Filing your federal income tax return using Form 1040 is an essential task for millions of Americans each year. However,…

4 weeks ago

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