- Don’t Miss Out on the Earned Income Tax Credit
-
The Earned Income Tax Credit (EITC) is a tax benefit for working people who have low to moderate income. It provides a tax credit that is treated like tax withholding: it goes to pay an individual’s tax liability, and any excess is paid to the individual in the form of a tax refund.
- Homeowner Energy Tax Credits Get New Life
- Recently passed legislation has given new life to two homeowner energy credits that had expired or were about to expire, providing renewed opportunities to homeowners wanting to take advantage of these credits and reduce their energy costs.
- IRS reports a date error on the recent Identity Protection PIN letters
- Each year the IRS issues special filing numbers that take the place of Social Security Numbers (SSN) for taxpayers whose identity has been compromised or is suspected of being compromised.
- IRS Announces 2016 Standard Mileage Rates
- As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
- Jointly or Separately - How to File After Saying I Do
- A taxpayer's filing status for the year is based upon his or her marital status at the close of the tax year. Thus, if you get married on the last day of the tax year, you are treated as married for the entire year. The options for married couples are to file jointly or separately. Both statuses can result in surprises for individuals who previously filed as unmarried. The surprises can be both pleasant and unpleasant.
  |
|  |