Tax Related Questions
The Telephone Excise Tax Refund is a one-time payment available on your 2006 federal income tax return. It was designed to refund excise taxes previou... [Read More]
Performing artists can deduct job related expenses as an adjustment to income, opposed to an itemized deduction. For performing artists, there are som... [Read More]
You can take a deduction for certain attorney fees you incur during the year if it is business related or income producing activity. Income has to be ... [Read More]
If you use your car for both business and personal purposes, you may deduct only the cost of its business use. You can generally figure the amount of ... [Read More]
If you had to pay your state unemployment benefits they distributed to you in previous years, you may deduct it as a miscellaneous deduction on your r... [Read More]
You can deduct charitable contributions with a limit that it doesn't exceed 50% of your adjusted gross income. Any excess can be carried over for 5 ye... [Read More]
You can deduct the fees that you received for jury duty that you pass on to your employer. This deduction is an adjustment to income. [Read More]
No, income from Child support is non-taxable income and should not be reported on your return. [Read More]
If you are over 65 years old, please consult the table below to determine if you must file an income tax return. Match your filing status to the ta... [Read More]
If you are under 65 years old, please consult the table below to determine if you must file an income tax return. Match your filing status to the t... [Read More]
visit the Internal Revenue Service at http://www.irs.gov/individuals/index.html [Read More]
You can update your personal information by submitting the Form W-4, Employee's Withholding Allowance Certificate, provided to you by your employer. I... [Read More]
Fee-based government officials can deduct their business expenses in performing services in that job as an adjustment to gross income rather than as a... [Read More]
If you are a member of the National Guard or a Reservist and incur some un-reimbursed travel expenses as a result of your service, you have a way to t... [Read More]
If you have moved since your last tax return was filed, use the current address when you file your taxes. Even if you are filing a prior year tax r... [Read More]
Email us or leave a note on your status page as soon as you know that your tax situation has changed due to additional information. We may recommend t... [Read More]
You can deduct education expenses that are job-related, tax preparation costs, investment expenses, professional or union membership dues, business bo... [Read More]
You should file an amended return (1040-X) if there are items on your tax return that were reported incorrectly. The items include:
• Your fi... [Read More]
An IRA is a plan that allows you to contribute a portion of your earned income each year. There are two common types of individual retirement plans (... [Read More]
You can deduct a portion of your traditional IRA contribution as an adjustment to income. The amount you can deduct is based on the tax year (For exam... [Read More]
The credit is only available to the original purchaser of a new, qualifying vehicle. If a qualifying vehicle is leased to a consumer, the leasing comp... [Read More]
A recent tax law change provides a tax credit to improve the energy efficiency of existing homes. The law provides a 10 percent credit for buying qual... [Read More]
You may take a deduction for either state and local sales taxes or state and local income taxes. If you choose to deduct sales taxes, you can use your... [Read More]
The following states support electronic filing of their returns: Alabama, Arizona, Arkansas*, California, Colorado, Connecticut, Delaware... [Read More]
If you earned income in a state that does not tax personal income, then you do not need to file a state return. The following states do not levy a pe... [Read More]
If you earned income in a state that taxes personal income, you must file a tax return. The following states levy a personal income tax: [Read More]
In order to qualify for the moving expense deduction, you must pass the distance test. Your new job must be at least 50 miles farther from your old ho... [Read More]
Your dependent must meet 4 conditions in order for you to receive the Child Tax Credit:
1. He/she must be your son, daughter, stepchild, fos... [Read More]
In order to receive the Credit for Child and Dependent Care, you must meet 5 conditions:
1. You must have earned income from wages, salarie... [Read More]
You must meet the following requirements to receive Earned Income Tax Credit:
Must have a valid Social Security Number
&... [Read More]