H & R Block Online Tax Filing Review
November 2, 2021 Tax Filing
H & R Block is one of the names that many Americans know. They have their distinctive green square everywhere when tax season comes near. They are so well …
Capital Gains Tax and You – Do You Need to Pay?
November 2, 2021 Capital Gains, Taxes
Did you make a successful investment this year, or did you sell a property? If that’s the case, you may need to pay capital gains tax. This is a …
Tax Deductions Families Can Claim for Dependents
November 2, 2021 Tax Deductions
Raising a family is a costly exercise that requires a stable income and sound planning, but it does offer certain financial advantages. One example of the potential benefits of …
What is the New IRS 1040 Form?
November 2, 2021 Tax Forms
For the upcoming tax season, the IRS Form 1040 has changed forever. This goes back to the Tax Cuts and Jobs Act (TCJA), where Americans with simple tax affairs …
What is the 1120 Tax Form?
November 2, 2021 Tax Forms
What makes a corporation special is it’s a distinct legal entity separated from its owners. That means it pays its own income taxes. The owners are not responsible for …
What is The Simplified Home Office Deduction?
November 2, 2021 Tax Deductions
If you happen to have a home office, you may be able to use it as a deduction when it comes to the cost of running your home business. …
What Parents Need to Know About the Additional Child Tax Credit
November 2, 2021 Child Tax Credit, Tax Credits
The Additional Child Tax Credit is an important tax credit that every parent should be aware of. But what you must keep in mind is that sometimes you can’t …
How Much Will I Get for My Childcare Tax Credit?
November 2, 2021 Tax Credits, Child Tax Credit
The Child and Dependent Care Tax Credit is designed to help hard-working parents and guardians to work and look for work as they care for a child or dependent. …