Think You Know Who's Wealthy? Tax Data Says Think Again – According To IRS, Only 10% of High Earners Actually Make the Cut
The IRS study highlights that income alone doesn't tell the whole story of wealth. Many individuals in the top AGI (adjusted ...
3 Ways Retirees on a Budget Can Get Help Filing Their Taxes
Free and low-cost tax preparation services can ease the stress for retirees living on a fixed income during tax season.
12 Last-Minute Money Moves That Can Cut Your Taxes
Freelancers or gig workers can delay billing until 2025 to reduce 2024 taxable income. W-2 employees may be able to defer ...
States Announce Major 2025 Tax Changes: What It Means for Your Money
Note: While we highlight some tax changes here, this list is not all-inclusive. Check your state's Department of Revenue for ...
Child and Dependent Care Tax Credit: Eligibility, Benefits, and How To Claim
If you have to pay for care for your children or dependents, you may qualify for the Child and Dependent Care Tax Credit.
IRS tax refund of up to $7,830 you can request in January: Who qualifies and how to claim it
Certain taxpayers may be eligible for the Earned Income Tax Credit of up to $7,830. Find out if you qualify and what you need ...
Optima Tax Relief Reviews Details on the Saver's Tax Credit
The Saver Credit officially known as the Retirement Savings Contributions Credit is a tax incentive designed to encourage low- and moderate-income individuals to save for retirement This often-overloo ...
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Preparing for the 2025 Tax Season: IRS Enhances Digital Tools for Easier Filing
As the 2025 tax season approaches, the IRS is rolling out new digital tools to simplify the filing process, making it more ...
Ready for tax season? Didn't think so, but here are 12 things you should know
View key details from your most recent tax return, such as adjusted gross income. Get account transcripts to include wage and ...
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IRS Updates Forms Related to IRA Compliance
In the instructions for Form 8606, the IRS includes some reminders relevant to reporting about IRAs. Adjusted gross income (AGI). The modified AGI limit for Roth IRA contributions increased. An ...
Does Your State Have a Child and Dependent Care Tax Credit?
The DC Credit for Child and Dependent Care. This is a nonrefundable credit equal to 35% of the federal CDCTC. For filers ...
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It’s official – here’s how you can get up to $2,000 in tax credits from the IRS – see if you qualify
Putting money aside for retirement is a great benefit on its own, but some savers might get an added bonus. The tax code ...