Taxes
CPAs vs. Licensed Tax Preparers: What You Need To Know
CPA is a licensed professional with extensive post-secondary education and training in various accounting and business-related specializations. For the preparation of simple tax returns, a licensed tax preparer is not required to have advanced degrees; nonetheless, they must demonstrate their expertise by passing a standardized test or by working for the IRS.
Feb 22, 2024
Best Option for Residential Energy Credit
Homeowners who make certain property upgrades or install equipment intended to promote energy efficiency are eligible for a tax credit from the federal government.
Feb 16, 2024
Roth and Traditional IRA Contribution Limits
Looking to understand the differences between Roth and Traditional IRAs? Find out all you need to know about the 2021 contribution limits so that you can make an informed decision for your retirement savings.
Feb 01, 2024
Schedule A: Itemized Deductions: What Is It?
Schedule A (Form 1040 or 1040-SR): Itemized Deductions are provided by the IRS for those who would rather not take the standard deduction. Those who are required to file federal income taxes annually in the United States have the option of including Schedule A with their Form 1040
Jan 20, 2024
Income Tax Rates and Tax Bands for 2022 and 2023
The federal income tax rate in the United States will be left unchanged for both this and next year. Tax bands were raised dramatically following the highest price increases in decades to adjust for inflation. The Internal Revenue Service has stated that the top tax rates for 2023 tax returns will be 7 percent higher than in 2022
Jan 15, 2024
Property Tax Appeals: When, How, and Why to Submit?
The process to make property tax appeals is easy to correct any errors in your property taxes. Read the article to learn when and how you should make a property tax protest application.
Dec 20, 2023
How to Know Which One Is Better: 1040EZ or 1040A
Are you curious to know which one is better, 1040EZ or 1040A? Then make sure you give this article a good read.
Dec 19, 2023
Best Choice for Preparing Your Taxes
You have a lot of different choices available to you when it comes to preparing your taxes. One of them is H and R Block, which is a retail tax business comparable to others in the industry, such as Jackson Hewitt and Liberty Tax Service.
Nov 27, 2023
How To Calculate Charitable Donations Tax Deduction
Tax-deductible donations must meet certain guidelines to get a tax break for your good deed. Here’s how to make your charitable donations a little sweeter.
Nov 07, 2023
What is Tax-loss Harvesting
Discover how tax-loss harvesting works and why it can help you maximize the return on your investments while minimizing your overall tax burden.
Oct 24, 2023