Purchasing your first home is a significant milestone in life, and the Internal Revenue Service (IRS) offers tax incentives to help first-time homebuyers navigate the financial aspects...
Posted by Taxes Made EZ Inc on 11/30/2023
The United States tax code offers various tax credits and deductions to help individuals reduce their tax liability. One such credit is the Tax Credit for the Elderly or Disabled,...
Posted by Pat Raskob on 11/27/2023
Tax liens are a common issue faced by taxpayers in the United States. If you owe back taxes to the Internal Revenue Service (IRS) or state tax authorities, they may place a tax lien...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/17/2023
The Kiddie Tax, a set of tax rules designed to prevent parents from shifting income to their children for tax purposes, has undergone several changes in recent years. The rules aim...
Posted by Pat Raskob on 11/17/2023
Filing for bankruptcy can be a daunting decision, often seen as a last resort for individuals and businesses facing overwhelming financial difficulties. While bankruptcy can provide...
Posted by Rosovich & Associates, Inc. on 11/17/2023
Tax-loss harvesting is a strategic technique that savvy investors use to minimize their tax liabilities while optimizing their investment portfolios. By deliberately selling investments...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/31/2023
Social Security benefits are a critical source of income for millions of retirees in the United States. However, many recipients are unaware that a portion of their Social Security...
Posted by Taxes Made EZ Inc on 10/31/2023
The Earned Income Tax Credit (EITC) is a vital component of the U.S. tax code, aimed at providing financial relief to low and moderate-income individuals and families. Since its inception...
Posted by Pat Raskob on 10/23/2023
Navigating the complex landscape of state income taxes can be challenging, especially if you earn income in multiple states or have recently moved. One essential aspect of state taxation...
Posted by Pat Raskob on 10/10/2023