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If you expect to owe $1,000 or more when filing your return, you may have to pay estimated quarterly taxes. Here’s what you need to know.
With the explosion in home values over the past year, many taxpayers took advantage of the increased equity in their homes by acquiring home equity lines of credit (HELOC). These
The IRS reminds those who haven’t filed their 2021 tax returns yet that they may file electronically when ready instead of waiting until the October 17, 2022, extension deadline. If
If you’re taking care of a relative or raising a child, it’s important to understand how the IRS determines who qualifies as a dependent. Before the 2018 tax year, you
The student loan interest deduction may help reduce your taxable income by up to $2,500. Since it’s an above-the-line deduction, you don’t have to itemize to take this tax break.
Do you need more time to file your federal income tax return? Great news! You can typically get a 6-month extension by submitting Form 4868, Application for Automatic Extension of
Americans are a lot more generous with their tips than they were pre-pandemic. According to a recent article from Axios, the percentage of people tipping for remote transactions has jumped