Tax Tips

What is the Additional Medicare Tax?
 

What is the Additional Medicare Tax?

Posted: March 14, 2017
Some taxpayers may be required to pay an Additional Medicare Tax if their income is over a certain limit. The IRS would like people to know more about this tax.

Understanding the Child and Dependent Care Tax Credit
 

Understanding the Child and Dependent Care Tax Credit

Posted: March 14, 2017
The IRS urges people not to overlook the Child and Dependent Care Tax Credit. Eligible taxpayers may be able claim it if they paid for someone to care for a child, dependent or spouse last year.

Tax Returns: What Can Go Wrong?
 

Tax Returns: What Can Go Wrong?

Posted: March 10, 2017
As the 2017 tax deadline looms, filers are grappling with many issues from filing late to correcting mistakes. The good news is that the IRS has several remedies that can be taken.

Is It Just a Hobby or a Business?
 

Is It Just a Hobby or a Business?

Posted: March 10, 2017
While some of us put more time and effort into hobbies than others, determining the line between what is a hobby and what is a business can help keep you informed at tax time. Here are some points to consider.

Medical and Dental Expenses May Impact Your Taxes
 

Medical and Dental Expenses May Impact Your Taxes

Posted: March 8, 2017
Medical expenses can trim taxes. Keeping good records and knowing what to deduct make all the difference. Here are some tips to help taxpayers know what qualifies as medical and dental expenses:

Five Tax Tips on Unemployment Benefits
 

Five Tax Tips on Unemployment Benefits

Posted: March 7, 2017
Taxpayers who received unemployment benefits need to remember that it may be taxable. Here are five key facts about unemployment.

Nine Common Filing Errors to Avoid
 

Nine Common Filing Errors to Avoid

Posted: March 6, 2017
The IRS encourages taxpayers to file an accurate tax return. If a taxpayer makes an error on their return, it will likely take longer for the IRS to process it. This could delay a refund. Here are nine common errors to avoid.