Schedule A is a tax form used in the United States for itemizing deductions on individual tax returns. Taxpayers opt for this form to maximize their deductions beyond the standard deduction provided by the IRS. This can lead to significant tax savings, especially for those with substantial deductible expenses. This article will cover the essentials […]
I Amended My Tax Return – Now What?
If all goes well during tax season, you file your tax return, get a decent tax refund and wait to do it all again next year. But what happens if you file a return but then notice an error? Do you let it be or file an amended return? If there are simple math errors, […]
Can I Do Someone Else’s Taxes If I’m Not a Professional?
Tax season often brings a mix of dread and determination as individuals and businesses prepare to file their returns. For those familiar with tax laws and confident in their abilities, the thought of helping someone else with their taxes might come up. But is it legal, advisable, or practical for a non-professional to handle another […]
I Filed a Tax Extension. Now What?
Filing taxes can be a stressful ordeal for many individuals, but for some, the April deadline comes too soon. If you’re one of the many Americans who filed for a tax extension, you’ve gained a little breathing room. However, it’s essential not to let that extra time slip away without acting. Here’s a guide on […]
What is the VITA Program?
Tax season can often be a stressful time for many individuals and families, especially those with limited financial resources or complex tax situations. Fortunately, there exists a vital resource that provides much-needed assistance to these individuals: the Volunteer Income Tax Assistance (VITA) program. Developed by the IRS, the VITA program offers free tax help to […]
Tax Tips for Last-Minute Filers
Filing your taxes can be stressful. Filing at the last minute can only add to the stress. As April 15th looms closer, the annual flurry of last-minute tax filers begins. Whether due to procrastination or complexity, many individuals find themselves scrambling to organize their finances and complete their tax returns before the deadline. If you […]