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How to File an IRS Tax Extension
Mon, 04/18/16 | No Comment
How to File an IRS Tax Extension

The tax deadline has arrived. If you don’t file a return on time, it will result in a penalty. You can, however, file an IRS tax extension to avoid a late filing penalty, and it’s …

An Overview of the New IRS 1095-A, 1095-B, & 1095-C Forms
Mon, 04/4/16 | No Comment
An Overview of the New IRS 1095-A, 1095-B, & 1095-C Forms

If you have a large employer who offers health insurance, you likely will have received a 1095-C form in the mail from your employer in recent months. And if you’re like me, your reaction was …

Estimated Tax Payments Basics: What you Need to Know
Wed, 03/30/16 | No Comment
Estimated Tax Payments Basics: What you Need to Know

I get enough questions from readers asking me to explain estimated tax payments that it makes me wonder if people actually avoid earning self-employment or side income simply because they are intimidated by the tax …

The IRS Donation Limit: What is the Maximum you can Deduct?
Wed, 03/9/16 | 3 Comments
The IRS Donation Limit: What is the Maximum you can Deduct?

Ever wonder if there was a maximum limit to how much you can donate to charity and deduct from your taxable income?
Believe it or not, the IRS does have charitable donation limit maximums.
While this may …

Earned Income Tax Credit Basics
Wed, 02/24/16 | 3 Comments
Earned Income Tax Credit Basics

The Earned Income Tax Credit (EITC) is one of the most significant tax credits available in the entire IRS tax code. It is also simultaneously one of the most complicated and popular tax credits as …

Child Tax Credit Extended (Updated for 2016)
Sat, 02/20/16 | 237 Comments
Child Tax Credit Extended (Updated for 2016)

This post has been updated for the 2015 and 2016 calendar years.

What is the Child Tax Credit?
As part of the American Taxpayer Relief Act of 2012 (aka the “Fiscal Cliff Deal”), signed in to law …


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