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All in Tax Information
Your taxes are wrong, you already filed, what you do now!
It’s a good feeling when you complete your tax return. Now the last thing to do is hit the submit button and send it off to the IRS….not so fast! Check out these common errors first to avoid frustration and wasted time down the road.
It’s frustrating, I know. You want your money back from the IRS. After all the IRS demands their money on one specific date each year and if you don’t pay they charge you penalties and interest.
Today let’s talk about 5 itemized tax deductions that can you big money this tax season. But before we get into that we can quickly go over the difference between itemized versus standard deductions.
Did you know 529 plans are not the only way to save on taxes while saving for college? The Coverdell Education Savings Account or better known as an ESA is another great way to save for college and is even better than a 529 plan in some instances.
We all have heard that we have to keep our tax returns and pay stubs for X number of years. I’ve heard anywhere from 0 to Forever.