Tax filing status impacts several key areas of your federal tax return:
whether you are required to file, the size of your Standard Deduction,
your tax rate, your eligibility for specific tax credits, and
ultimately, the amount of tax you owe (or the...read more
The first step to maximizing your tax refund - and possibly keeping the
IRS at bay - is to use the correct filing status on your tax returns. If
only it were as simple as choosing Single or Married. But alas, there
are a whopping five (5) filing stat...read more
Be prepared and make tax preparation a breeze! Imagine how beneficial
and stress-free it would be to not rush around last minute gathering
your tax info. You can begin by making a list of what's changed since
last year and gather your supporting docu...read more
The end of the year is more than just holidays, great food, and family!
It’s also the perfect time to make smart money decisions, take action to
reduce your tax liability and give yourself peace of mind! The following
links are filled with tips and s...read more
...our YTD data that was entered into ItsDeductible? My wife would enter
donations throughout the year and it will be a nightmare trying to
reconstruct the data on our own. She was not aware that it was being
discontinued (with no subsequent period t...read more
cnoonphdPosted 4 weeks ago
| Latest post 3m ago by
GabiU
I just received another message (like last year) regarding the
discontinuation of It's Deductible. It's very disappointing to say the
least. It's one of the main reasons I've stayed a loyal TT customer for
over a decade. It's an incredibly valuable t...read more
I am the Executor for the Estate of an individual that recently passed
away, and he owned a small but long-lived C Corporation 100% (Sole
Shareholder.) Last year, he made a Dividend distribution from the
Corporation to himself and I am working on his...read more
fredtex1Posted 2 hours ago
| Latest post 37m ago by
M-MTax
I got a letter from TurboTax saying that I will need to have Windows 11
installed on my computer to use Turbo tax; unfortunately for me, as I
was loading Windows 11 on my laptop, it completely wiped out my hard
drive and I had no back up. All my hist...read more