Medical expenses can damage your budget tremendously, especially when the emergency is unexpected and your insurance does not cover it. The good news is the IRS does allow you to have some relief from medical expenses with a medical deduction for 2017.
However, to take advantage of their leniency you have to know what is … Read the rest
How Much do You Get Back in Taxes for a Child?
The child tax credit for 2017 is worth up to $1,000 per child that is under 17. To be eligible to claim this credit your child or dependent must first pass all of the following tests:
- Must be 16 or younger on the last
… Read the rest
When you’re doing your income taxes, you will require a number of forms and probably the most significant one is the W2 form.
Every business that you were employed at in the course of the previous year is liable for supplying you with a W-2, which must be sent by January 31 of the current … Read the rest
The tax deadline for filing taxes is nearing for U.S. taxpayers and they are feverishly getting all their documents together so they can file their taxes on time. But the important W-2 is missing or maybe you haven’t received it yet, what should you do? No need to panic, you can easily get your missing … Read the rest
Most Americans are reliant on their car as their primary mode of transportation. Business owners often have a large fleet of vehicles that literally drive their success.
Tax-deductible travel is a vital part of your annual tax return, and it’s important to keep track of exactly what you can claim for, and how much you … Read the rest